What are the options on whether to or how to protect against risk?
A)Avoid it,insure it,accept it or share it
B)Avoid it,reduce it,accept it or share it
C)Self-insure,avoid it,reduce it,accept it or share it
D)Homeowner,car,life and health insurance

Question

Quizplus · Accepted Answer

Avoiding, reducing, accepting, or sharing the risk are the most common options. Self-insuring is also a viable option, but it may not be suitable for all types of risk. Homeowner, car, life, and health insurance are specific types of insurance that fall under the "insure it" option, but it is essential to consider all options before deciding on the best form of protection against risk. Among the given choices, option B covers all possible options and provides the most comprehensive approach to risk management.

What Are the Options on Whether to or How to Protect