Match the term with its definition.
-Ways of coping with risk that are designed to preserve the assets and earning power of a firm
A)personal property
B)proximate cause
C)real property
D)risk control
E)risk financing
F)risk management
G)risk retention
H)risk transfer
I)self-insurance
J)torts

Question

Quizplus · Accepted Answer

Risk management involves strategies to preserve a firm's assets and earning power by identifying, assessing, and prioritizing risks, and implementing measures to minimize or control the impact of those risks.

Match the Term with Its Definition