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At Susan's Retirement Party, She Reflected Upon Her Long Career

Question 52

Multiple Choice

At Susan's retirement party, she reflected upon her long career in starting up successful companies. She said, "I salute my long-time mentor, Milton, who counseled me early in my career about risk. He told me, 'Susan, when you are confronted with risk when making management decisions, you should


A) avoid it by any means necessary.'"
B) eliminate it with a thorough understanding of the consequences of each option.'"
C) anticipate it, minimize it, and control it.'"
D) understand there is no way to manage it.'"
E) not proceed without a liability insurance policy.'"

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