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15 May, 02:59

16. If a business chooses an alternative strategy

that does not pose a particular risk, what kind

of risk management strategy is it practicing?

a. avoiding risk

c. insuring risk

b. transferring risk

d. assuming risk

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Answers (1)
  1. 15 May, 04:52
    0
    A. Avoiding Risk

    Explanation:

    When a company is trying to avoid risks it finds alternative strategies to get a job done when they feel it is viable than taking a risk. This is a defensive option often chosen by firms when they do not see the possible reward being worth the risk in a particular strategy.

    When this form of strategies are used in management it means that the company would rather stay stable than go for higher while risking their basic business.
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