which of the following statements about risk management is false? - Don't risk more than you...

which of the following statements about risk management is false?

- Don't risk more than you can afford to lose

-Don't risk a lot for a little

-The best buys in insurance cover those losses that are least likely to occur

-you should always buy insurance

Solutions

Expert Solution

You Should always buy insurance is false about risk management.

Rule for Risk Management (Robert I Mehr and Bob A Hedges, Risk Management in Business Enterprise) :

1. Don't risk more than you can afford to lose

2. Don't risk a lot for a little

3. The best buys in insurance cover those losses that are least likely to occur

jeff jeffy answered 1 year ago

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