Techniques for managing risks include

Question

Quizplus · Accepted Answer

Incorporation can limit personal liability for the business owner, insurance can provide financial protection in case of unforeseen events, and exclusion clauses can limit potential liability in contracts with third parties. These three techniques together can effectively manage risks for a business. Choices A, B, D, and E either do not include effective risk management techniques or include irrelevant or incorrect options.

Techniques for Managing Risks Include