Jason, the new risk manager for River Transportation Enterprises, has studied the steps of the risk management process as described in the CRM courses that he recently completed. In the risk financing step, he learned the objective of the step is to find the appropriate balance of three primary finance options. Which of the following items is not considered one of the three primary finance options? A. Insurance OB. Retention O C. Letter of credit OD. Transfer of financial responsibility
Jason, the new risk manager for River Transportation Enterprises, has studied the steps of the risk management process as described in the CRM courses that he recently completed. In the risk financing step, he learned the objective of the step is to find the appropriate balance of three primary finance options. Which of the following items is not considered one of the three primary finance options? A. Insurance OB. Retention O C. Letter of credit OD. Transfer of financial responsibility
Chapter1: Understanding Personal Finance
Section: Chapter Questions
Problem 5FPC
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