_____ risk-management options include production risks and marketing risks.

Question

Quizplus · Accepted Answer

The options mentioned, production risks and marketing risks fall under noninsurance risk-management options. Noninsurance options involve measures that do not involve transferring risk to an insurer, such as diversification, contingency planning, and hedging. Thus, option B (Noninsurance) is the best choice. Options A (Insurance) and C (Assurance) both involve transferring risk to an insurer, while option D (Nonassurance) is a vague term that does not specifically reference any risk management options.

_____ Risk-Management Options Include Production Risks and Marketing Risks