Risk avoidance is an effective way to handle potentially small losses when the cost of insurance would be too expensive.

Name: Risk avoidance is an effective way to handle potentially small losses when the cost of insurance would be too expensive.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Risk avoidance involves not engaging in an activity to avoid the risk entirely, which may not be practical or beneficial for small losses where other risk management strategies, such as acceptance or mitigation, could be more appropriate and cost-effective.

Risk Avoidance Is an Effective Way to Handle Potentially Small