According to the risk management matrix, risk exposures with low frequency of losses and low severity of losses are:
A)retained.
B)transferred.
C)avoided.
D)ignored.
E)retained with loss control.

Question

Quizplus · Accepted Answer

Risks with low frequency and low severity are typically retained because they are not significant enough to warrant the cost of transferring or avoiding them.

According to the Risk Management Matrix, Risk Exposures with Low