Quick-X Corp

question 138

Multiple Choice

Quick-X Corp.recently sent its delivery drivers to a defensive driving course in order to reduce accidents with company vehicles.This is an example of

• A) risk shift.
• B) risk control.
• C) risk transfer.
• D) risk retention.
• E) risk avoidance.

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Definitions:

Fund Replenishing

The process of restoring the balance of a fund to its original level or to a desired level after it has been depleted.

Fund Shortages

A situation where the available financial resources are insufficient to cover the expected or required expenses.

Cash Equivalents

Short-term, highly liquid investments that are readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.

Money Market Accounts

Savings accounts that typically offer higher interest rates, with the balance usually accessible through checks or electronic transfers.