Which of the following statements is not true about risk management?

1. A person should review his or her risk profile every few years because it can change.
2. Some risks can be managed best by avoiding them altogether.
3. Insurance is always the best way to manage a risk.
4. After identifying risks, one needs to evaluate them to see whether or not the potential loss can be supported.

Answer rating: 100% (QA)

THE CORRECT ANSWER IS LETTER B YOU MUST NOT CHECK THE RISK ONLY AFTER FEW YEARS YOU MUST CHECK I... View the full answer