Willingness to retain whole or part of a given risk is called…………..
A)Risk retention
B)Risk carrying
C)Risk bearing
D)None of the above

Question

Quizplus · Accepted Answer

Risk retention refers to the decision to assume the financial responsibility for certain risks, rather than transferring them to an insurance company or another party. This can be a strategic choice for managing costs and controlling how risks are handled.

Willingness to Retain Whole or Part of a Given Risk