Risk Financing includes -
A. Risk Retention
B. Risk Transfer
C. A & B correct
D. None of the above
Answer: Option C
Solution(By Examveda Team)
In business economics, risk financing is concerned with providing funds to cover the financial effect of unexpected losses experienced by a firm. Traditional forms of finance include risk transfer, funded retention by way of reserves (often called self-insurance) and risk pooling.Related Questions on Insurance
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