Question

Chapter 7: End of Chapter Exercises Homework . Due in 5 days Homework Unanswered 3/13 answered WPR Corporation owns 5,000 hotels and motels throughout the world. If you were the WPR risk manager, what risks might you suggest should be treated through the risk avoidance technique? Select the most appropriate answer A Avoid risks associated with business activities not consistent with its goals B Avoid risks associated with running homeless shelters that WPR does not have in its business plan Avoid risks involved in using rooms for storage of expensive items D All of the above 1 attempt lelt OT

Answer 1

Answer is D). All of the above.

Ris avoidance technique involves strategies to minimize the vulnerabilities which can pose a threat. If company finds risk in some activities which can pose serious threat which is way too high than its reward then its better to not do or stop doing those activities. Here If higher risks involved in activities which are not consistent with its goal, activities not according to business plans and other activities which involves higher risk like storage of expensive items, avoiding those risks is a part of risk avoidance strategy.