All of the following methods are used by businesses to deal with risk EXCEPT:
A) Risk avoidance
B) Risk acceptance
C) Risk-safety matrix
D) Risk transfer
E) Risk deferral

Question

Quizplus · Accepted Answer

Risk-safety matrix is not a commonly recognized method for businesses to deal with risk. The standard methods include risk avoidance, acceptance, transfer, and sometimes deferral, but a risk-safety matrix is more of an analytical tool used in assessing and managing risks, rather than a method for dealing directly with them.

All of the Following Methods Are Used by Businesses to Deal