Al Muntazah Supermarket are concerned with the possibility of a fire in their shops, so they decide to close all of their branches. This method of handling risk is: O Retention Loss Prevention O Loss Reduction O Avoidance

Al Muntazah Supermarket are concerned with the possibility of a fire in their shops, so they decide to close all of their branches. This method of handling risk is: O Retention Loss Prevention O Loss Reduction O Avoidance

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

Al Muntazah Supermarket are concerned with the possibility of a fire in their shops, so they decide to close all of their branches. This method of handling risk is:
O Retention
O Loss Prevention
Loss Reduction
Avoidance

Expert Solution

Step 1

Risk management is the management in which different types of organizational risks are identified and prevented.

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