The best way to handle risk is to
A)avoid risk
B)assume risk.
C)try to prevent losses.
D)transfer risk to an insurance company.
E)use some combination of these.

Question

Quizplus · Accepted Answer

The best way to handle risk is to use a combination of avoidance, assumption, prevention, and transfer. It is not always possible to completely avoid risk, so assuming some level of risk may be necessary. However, taking steps to prevent losses can minimize potential damage or harm. Finally, transferring risk to an insurance company can provide a safety net and financial protection in case of unexpected events. Therefore, the best approach is to use a combination of these strategies, depending on the specific situation and level of risk involved.

The Best Way to Handle Risk Is to