Ms. Smita has set-up a Reserve Fund, to be used for the Repairs, in Case, the House is damaged for Some Reason. Identify the Risk-Management Technique, practiced here.
A)Risk-Financing
B)Risk-Retention
C)Risk-Transfer
D)Risk-Reduction and Risk- Control

Question

Quizplus · Accepted Answer

Risk-Financing involves setting aside funds to cover potential losses, which is what Ms. Smita is doing by creating a Reserve Fund for repairs in case of damage to her house.

Ms Smita Has Set-Up a Reserve Fund, to Be Used