Jill lives in an area where driving conditions can be hazardous in winter months because of ice and snow. Jill purchased a four-wheel drive vehicle and she puts studded snow tires on her vehicle during the winter months. These measures are examples of:

(a) risk transfer
(b) risk retention
(c) risk avoidance
(d) loss control

Ans: (d) loss control

Business

You might also like to view...

In a BPMN diagram, the diamond represents which one of the following?

Business

According to Generally Accepted Accounting Principles, goodwill must be amortized

Indicate whether the statement is true or false

Business