5
QuizMultiple Choice

Insurance

Question 5 of 10 • General Financial Literacy - Brinkerhoff - 2000 - 2026/27

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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