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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

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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QUESTION 2 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 B. Retention C. Letter of credit D. Transfer of financial responsibility
Transcribed Image Text:QUESTION 2 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 B. Retention C. Letter of credit D. Transfer of financial responsibility
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