Which is not an example of a risk management strategy?.

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02-05-2022
Business

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Which is not an example of a risk management strategy?.

Sagot :

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suchetasVT suchetasVT · Answer 1 · 2022-05-12T12:47:02-04:00

Buying a new car is not an example of a risk management strategy.

What do you mean by risk management strategy?

A risk management strategy is a systematic and consistent approach to identifying, assessing, and managing risk.

Travel insurance is an example of this. We do not accept the risks of a lost suitcase or an accident abroad, as well as the associated costs; instead, we pay a travel insurance company, so that they bear the financial consequences.

Thus, Buying a new car is not an example of a risk management strategy.

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Sagot :

What do you mean by risk management strategy?

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