_________ is concerned with the conversion of a firm's asset and earning power against risks of accidental loss.
A)Risk retention.
B)Risk management.
C)Risk control.
D)Risk identification.

Question

Quizplus · Accepted Answer

Risk management involves identifying, assessing, and prioritizing risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities. It includes the conversion of a firm's assets and earning power against risks of accidental loss.

_________ Is Concerned with the Conversion of a Firm's Asset