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Insurance and Risk Management
?
Risk retention means ______________
Saving money to pay for the losses
Accepting and agreeing to finance the loss oneself
Not taking up any activity which is risky
Insuring the risk
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (B)
Accepting and agreeing to finance the loss oneself
Related MCQs
?
The Insurance is a ______________
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Losses arising due to a risk exposure retained or assured is known as ______________
?
An alternative approach to the check list is ______________
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The measures aimed at avoiding, eliminating or reducing the chances of loss production is covered by ______________
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Insurance is best suited to risk with ______________.
?
The risk manager maybe able to identify the new ventures involved in ______________.
?
An instrument by which a pure risk is transferred by a party other than insurer is
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The Person whose risk is insured is called ______________.
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That which is designed to improve the information on which decisions are take to reduce risk is ______________.
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Uncertain events are broadly classified as ______________.
