Which of the following is included in risk management?
A)Investing in the stock market
B)Determining your investment risk tolerance
C)Limiting the size of your mortgage
D)Insurance planning

Question

Quizplus · Accepted Answer

Risk management involves identifying potential risks to your financial well-being and taking steps to mitigate or minimize those risks. Insurance planning is a key component of risk management, as it helps protect your assets and financial security in the event of unexpected events such as illness, injury, or accidents. Investing in the stock market or determining your risk tolerance are not directly related to risk management, while limiting the size of your mortgage may be a component of financial planning but does not necessarily address risk management specifically.

Which of the Following Is Included in Risk Management