16. If a business chooses an alternative strategy
that does not pose a particular risk, what kind
of risk management strategy is it practicing?
a. avoiding risk
c. insuring risk
b. transferring risk
d. assuming risk

When a company is trying to avoid risks it finds alternative strategies to get a job done when they feel it is viable than taking a risk. This is a defensive option often chosen by firms when they do not see the possible reward being worth the risk in a particular strategy.

When this form of strategies are used in management it means that the company would rather stay stable than go for higher while risking their basic business.

16. If a business chooses an alternative strategy that does not pose a particular risk, what kind of risk management strategy is it practicing? a. avoiding risk c. insuring risk b. transferring risk d. assuming risk

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16. If a business chooses an alternative strategy
that does not pose a particular risk, what kind
of risk management strategy is it practicing?
a. avoiding risk
c. insuring risk
b. transferring risk
d. assuming risk