Risk Management in Business
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Questions and Answers

Which one of these is a way of managing risk mentioned in the text?

  • Training
  • Outsourcing (correct)
  • Innovation
  • Marketing

    • Which one of these is NOT mentioned as a way of managing risk in the text?

  • Outsourcing
  • Innovation (correct)
  • Insurance
  • Training

    • Which one of these is a common misconception about risk management mentioned in the text?

  • Insurance is the only way to manage risk (correct)
  • Innovation is the most effective way to manage risk
  • Outsourcing is not effective in managing risk
  • Training is the most effective way to manage risk

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