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QuizMultiple Choice

Insurance

Question 1 • OK-Personal Financial Literacy S1 – EDGNTY-83861 26-27

An entrepreneur keeps backup funds in a savings account so that if their business experiences a loss, they will be able to recuperate. What type of risk management is this an example of?

Answer
A
reducing risk.
B
sharing risk.
C
avoiding risk.
D
maximizing risk.
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