Paula, an accountant at Kagan Industries, is considering buying a commercial building on the waterfront that will directly support the company's growth by appealing to its target clientele. Buildings on the waterfront are prone to flooding after storms which cannot be fully prevented. This is a risk Paula identifies and provides the following risk responses to management: 1. Purchase flood insurance for the building 2. Purchase another building that is not on the waterfront 3. Purchase building and supplies to protect against flooding 4. Purchase building and implement evacuation procedures Which of the above risk responses is the best option for Kagan Industries to mitigate risk?

Answer rating: 100% (QA)

The best option for Kagan Industries to mitigate the risk associated with buying a commercial building on the waterfront would depend on various facto... View the full answer