Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An organization recently completed a risk assessment. Based on the findings in the risk assessment, the organization chose to purchase insurance to cover possible losses.

An organization recently completed a risk assessment. Based on the findings in the risk assessment, the organization chose to purchase insurance to cover possible losses. This approach is known as:

a. Risk transfer

b. Risk avoidance

c. Risk acceptance

d. Risk reduction

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Information Systems

Authors: Cynthia D Heagy, Constance M Lehmann

7th Edition

1111219516, 978-1111219512

More Books

Students also viewed these Accounting questions

Question

1. Too reflect on self-management

Answered: 1 week ago

Question

Food supply

Answered: 1 week ago