Williams Company installed smoke detectors,a sprinkler system,and fire extinguishers in its new manufacturing facility.These devices are all examples of
A)risk control.
B)noninsurance transfer.
C)risk avoidance.
D)risk retention.

Question

Quizplus · Accepted Answer

Smoke detectors, sprinkler systems, and fire extinguishers are all risk control measures designed to reduce the likelihood and severity of a potential loss due to fire. Risk control is one of the methods by which a business can manage its risk exposure. Noninsurance transfer, risk avoidance, and risk retention are all other methods of managing risk, but they do not apply in this scenario.

Williams Company Installed Smoke Detectors,a Sprinkler System,and Fire Extinguishers in Its