The risk management technique of loss retention is effective when all of the following conditions exist, except:
A. The probability of loss is unknown.
B. The losses are easily predictable
C. The worst possible loss is not very serious
D. The person assumes the risk of the loss themselves.
Ans: A. The probability of loss is unknown.
Business
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What type of control focuses on collecting performance information in real time?
What will be an ideal response?
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All other things held constant, premiums on both put and call options will increase when the
A) exercise price increases. B) volatility of the underlying asset increases. C) term to maturity decreases. D) futures price increases.
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