Which statement is true?
A) Capital budgeting and statistical analysis cannot be used to select the best mix of risk retention and transfer,
B) Deductibles and self-insurance cannot be used together,
C) Capital budgeting and statistical analysis can be used to select the best mix of risk retention and transfer,
D) Risk transfer is the same thing as insurance.

Question

Quizplus · Accepted Answer

Capital budgeting and statistical analysis are tools that can help an organization evaluate different risk management strategies, including the mix of risk retention (like self-insurance) and risk transfer (such as purchasing insurance), to determine the most cost-effective approach.

Which Statement Is True