MCQOPTIONS
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| 1. |
When should a risk be avoided? |
| A. | When the risk event has a low probability of occurrence and low impact |
| B. | When the risk event is unacceptable -- generally one with a very high probability of occurrence and high impact |
| C. | When it can be transferred by purchasing insurance |
| D. | A risk event can never be avoided |
| Answer» C. When it can be transferred by purchasing insurance | |