Which risk management alternative is feasible when the likelihood of an event that could cause a financial loss is very low and the potential financial loss due to the event is small?

Question

Quizplus · Accepted Answer

When the likelihood and potential financial loss of an event are both low, accepting the risk is often considered a feasible management strategy, as the cost and effort to avoid, reduce, or insure against the risk may not be justified.

Which Risk Management Alternative Is Feasible When the Likelihood of an Event