A company that installs a sprinkler system in its corrugated box factory is using a risk ________ strategy.

Question

Quizplus · Accepted Answer

The company is implementing a risk reduction strategy by installing a sprinkler system to reduce the risk of fire in their factory. Risk avoidance would involve the company not engaging in an activity that poses a risk, such as not opening a factory at all. Risk anticipation involves identifying and preparing for potential risks before they occur. Risk transfer involves transferring the risk to another party, such as purchasing insurance. None of these strategies are applicable to the installation of a sprinkler system in this scenario.

A Company That Installs a Sprinkler System in Its Corrugated