If a risk-averse small business owner can't reduce the level of risk to where they are comfortable, they can either insure against future losses or ________

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02-08-2022
Business

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If a risk-averse small business owner can't reduce the level of risk to where they are comfortable, they can either insure against future losses or ________

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rafikiedu02 rafikiedu02 · Answer 1 · 2022-08-09T15:26:16-04:00

If a risk-averse small business owner can't reduce the level of risk to where they are comfortable, they can either insure against future losses or Spread the risk among other.

The correct option is A - Spread the risk among other people or businesses. This also termed as diversification and one of the most important techniques applied for mitigating the risk or reducing the negative effects of risk.

option B is not correct as ignoring regulatory changes will attract legal action and that is not an advisable method to mitigate risks.

Option C is also incorrect as choosing a source for capital investment will attract more risk and tie the funds for a longer duration and

option D is not a technique to avoid risk.

Learn more about small business owner here:- https://brainly.com/question/20721062

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