Post Utme Summit University 2022 Commerce Question 30

Practice objective / multiple choice question 30 from the 2022 Post Utme Summit University Commerce examination.

Post Utme Summit University 2022 Commerce Objective / Multiple Choice
Question 30 POST_UTME_SUMMIT_UNIVERSITY • 2022 • COMMERCE • objective

A firm purchases an insurance policy to protect against losses due to fire. Which of the following is an example of risk management?

Answer Options

A. Risk avoidance
Correct Answer B. Risk transfer
C. Risk retention
D. Risk reduction
Correct Answer
B
Correct Option:
Risk transfer

About This Question

This is Post Utme Summit University 2022 Commerce Question 30. It is one of the objective questions from the 2022 Post Utme Summit University Commerce examination.

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