Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A risk manager was asked to review all the loss exposures his company faces. The risk manager noted that the company obtained over 9 0
A risk manager was asked to review all the loss exposures his company faces. The risk manager noted that the company obtained over percent of its raw materials from one supplier. He voiced concern about business interruption if that supplier was closed for some reason. Acting on his recommendation, the company began to purchase raw materials from two other suppliers. Using multiple suppliers illustrates which risk control technique? separation duplication nsk avoidance diversification
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started