This is a scenario of risk management, is this scenario avoid,
reduce, transfer or accept? please explain.
Homework Answers
Risk transfer is when risk is effectively transferred to other person by paying a price.
William feels his health is in not good condition and expects future medical bills. Probability of incurring medical bills is risk. Now the risk of paying medical bills is transferred to United Health by paying them premium.
Answer is:
Transfer.
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This is a scenario of risk management, is this scenario avoid,
reduce, transfer or accept? please...
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