New Dimensions Athletic Association was formed to administer youth soccer leagues and tournaments in a popular urban area. All board members recently resigned stating that they could no longer assume the risk of participating on a board that did not insure its volunteer members against serious player injuries and other unanticipated problems. Collectively, these members are
A) self-insuring against risk.
B) avoiding risk.
C) participating in risk reduction.
D) filing a grievance against the association.

Question

Quizplus · Accepted Answer

Risk avoidance means that the business or individual has made the decision not to participate, in order to avoid risk at all cost. Businesses will sometimes make the decision not to sell certain products or services due to their high risk nature.

New Dimensions Athletic Association Was Formed to Administer Youth Soccer