Post Utme Esut 2021 Commerce Question 16

Practice objective / multiple choice question 16 from the 2021 Post Utme Esut Commerce examination.

Post Utme Esut 2021 Commerce Objective / Multiple Choice
Question 16 POST_UTME_ESUT • 2021 • COMMERCE • objective

The concept of risk management in commerce involves identifying, assessing, and mitigating potential losses. Which of the following is a key characteristic of a risk management strategy?

Answer Options

A. It involves transferring risk to a third party.
B. It involves diversifying investments to reduce risk.
Correct Answer C. It involves identifying and assessing potential losses.
D. It involves ignoring potential losses.
Correct Answer
C
Correct Option:
It involves identifying and assessing potential losses.

About This Question

This is Post Utme Esut 2021 Commerce Question 16. It is one of the objective questions from the 2021 Post Utme Esut Commerce examination.

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