The National Highway Traffic Safety Administration (NHTSA) provides consumers with recall notices for all makes and models of cars, trucks, motorcycles, and even school buses. In terms of risk management, the purpose of the NHTSA service is
A) to reduce risk.
B) to avoid risk.
C) to self-insure against risk.
D) to make available the opportunity for vehicle owners to purchase insurance against risk.

Question

Quizplus · Accepted Answer

Business and individuals can help manage pure risk. In this example, when auto manufacturers recall vehicles for maintenance and repair, they are effectively reducing the risk of accidents or auto failure.

The National Highway Traffic Safety Administration (NHTSA) Provides Consumers with Recall