An emerging concern for risk managers is the greater volatility that has been observed in weather patterns-higher high temperatures,lower low temperatures,record rainfall,drought,etc.Collectively,this risk is called
A)global warming risk.
B)hurricane risk.
C)speculative risk.
D)climate change risk.

Question

Quizplus · Accepted Answer

The term used to describe the greater volatility in weather patterns is climate change, which refers to long-term shifts in temperature and weather patterns caused by human activity such as burning fossil fuels and deforestation. This type of risk is becoming an emerging concern for risk managers as it can have significant impacts on businesses and economies, ranging from supply chain disruptions to increased insurance costs.

An Emerging Concern for Risk Managers Is the Greater Volatility