q what do you mean by retention of riskretention
Q. What do you mean by Retention of Risk?
Retention of Risk: In case of this method, the organization voluntarily accepts the risk since either the risk is insignificant or its acceptance will be cheaper as compared to avoiding it.
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risk is inherent in business and hence there is no escape from the risk for a businessman however he may face this problem with greater confidence if
q what is avoidance of riska business firm can avoid risk by not accepting any assignment or any transaction which involves any type of risk
prevention of risk - method of risk managementin case of this method the business avoids risk by taking appropriate steps for prevention of business
q what do you mean by retention of riskretention of risk in case of this method the organization voluntarily accepts the risk since either the risk
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q explain transfer of riskin case of this method risk is transferred to some other person or organization in other words under this method a person
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