Question: Your client decides to take a road trip to the Grand Canyon. The weather forecast is unfavorable, but they are willing to go anyway. To
Your client decides to take a road trip to the Grand Canyon. The weather forecast is unfavorable, but they are willing to go anyway. To hedge their bets, they only drive during the daytime and in good weather conditions. In addition, they outfit their car with new lights and snow tires, but decide to keep their current policy limits low to save on premiums. Which risk management techniques are being demonstrated? A) Risk reduction, risk retention, risk avoidance B) Risk retention and risk transfer C) Risk transfer, risk reduction, risk adherence D) Risk retention and risk reduction
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The detailed answer for the above question is provided below The correct answer is D Risk retention ... View full answer
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