Which of the statement are true? A. Risk retention and risk transfer are some of the techniques to manage risks. B. Implementation is one of the steps in risk management

Related MCQs

• Which of the statements is correct? A. One of the methods of risk retention is by way of voluntary excess or deductible available under the policy. B. Another method of retention of risk is to absorb small losses as normal operating expenses of business.
• Risk management follows a systematic process which involves……….steps.
• Event of high frequency and low severity fall in the self-retention category
• Risk management can be defined as the art and science of _________ risk factors throughout the life cycle of a project.
• Which of the following types of risks best meets the requirements for being insurable by private insurers?
• All of the following are financial risks which may be faced by business organizations EXCEPT
• ____________ is a policy in which the limits of the risks are determined by place of particular voyage.
• Which of the statements is correct? A. Insurance is a transfer of risk mechanism. B. Insurance gives physical protection to assets.
• Which of the statements is correct? Under a fire policy A. Insurance is a transfer of risk mechanism. B. Insurance gives physical protection to assets.
• The ________ is the party who gets his life or property insured against risks.