Which type of risk management strategy is a company using when it installs mirrors and surveillance cameras to spot and prevent shoplifting?
A) avoiding the risk
B) insuring against the risk
C) assuming the risk
D) reducing the risk

Question

Quizplus · Accepted Answer

The installation of mirrors and surveillance cameras is a measure taken to reduce the risk of shoplifting. This is a risk management strategy that involves identifying and taking steps to minimize the likelihood or impact of a potential risk.

Which Type of Risk Management Strategy Is a Company Using