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Examveda

Retention of risk may be done conveniently by

A. Large corporations

B. Small companies

C. Single individuals

D. None of the three

Answer: Option A

Solution(By Examveda Team)

Retention of risk may be done conveniently by large corporations. The business would be responsible for all costs and damages that occur as the result of a crisis, accident or other unforeseen incident that results in loss. Retention refers to the assumption of risk of loss or damages.

This Question Belongs to Commerce >> Insurance

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