Q698
Risk Financing includes -
A.
Risk Retention
B.
Risk Transfer
C.
A & B correct
AnswerD.
None of the above
Answer: Option C
Solution
Answer: Option C
Solution:
In business economics, risk financing is concerned with providing funds to cover the financial effect of unexpected losses experienced by a firm. Traditional forms of finance include risk transfer, funded retention by way of reserves (often called self-insurance) and risk pooling.