Which is not an example of a risk management strategy?
Which is not an example of a risk management strategy?

Which is not an example of a risk management strategy?

Which is not an example of a risk management strategy?

A) Buying a new car

B) Wearing reflective clothing while biking at night

C) Wearing a helmet while biking

D) Wearing a seat belt while driving

Answer:

The correct answer is A): Buying a new car is not a direct risk management strategy.

Explanation:

Which is not an example of a risk management strategy?
Which is not an example of a risk management strategy?

The answer is that buying a new car is not a direct risk management strategy.

Strategies for risk management aim to prevent or lessen potential losses brought about by risks. As defined to prevent or reduce the possibility of injury or loss in an accident, wearing a seat belt while driving, wearing reflective clothing while biking at night, and riding a helmet are all examples of risk management strategies in the context of this question.

However, purchasing a new vehicle is not a direct risk management approach. While certain safety features in a new car may theoretically lower the risk, simply purchasing a new car is not a risk management plan.

What is risk management?

Risk management is the process of finding, evaluating, and controlling prospective occurrences or situations that may have a negative impact on an organization or individual.

FAQs

What are the 4 risk management strategies?

The 4 risk management strategies are follow:

  • Risk avoidance
  • Risk mitigation
  • Risk acceptance
  • Risk transference

Which is not a risk management?

Risk elimination is not a category of risk management strategies

Which is not an example of a risk management strategy buying a new car?

Yes, Buying a new car is not an example of a risk management strategy.

Other Popular Articles

About Roniyal Devid

blank
With a passion for all things tech, Roniyal Devid has established himself as a leading voice in the world of technology blogging. As the founder and chief editor of a renowned technology blog, Roniyal offers insightful, in-depth, and up-to-date content that caters to both tech novices and experts alike.

Check Also

Which of the following is true regarding data analysis?

Which of the following is true regarding data analysis?

Which of the following is true regarding data analysis? A) Disciplines and professions do not …