Ask Question
BusinessBusiness
26 July, 00:13

What is "risk" and how can people reduce it through "risk shifting"?

+4
Answers (1)
  1. 26 July, 02:23
    0
    Risk is the possibility of not getting expected result of something.

    Risk shifting is one way of reducing risk. Best example for risk shifting is 'Insurance'. In this, risk is shifted to an another party like insurance company. After shifting risk to another party, if the shifted risk happened other party will gain that loss and you can claim the loss that happened because of the risk from other party. So if you have shifted your risk then you don't have to be afraid of getting that risk. Because another party is taking that risk for you but for a cost.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What is "risk" and how can people reduce it through "risk shifting"? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
In many selling situations, the firm is not simply seeking a sale. rather, it wants to engage the customer over the long haul not in short-term transactional selling. the firm seeks to develop what?
Answers (1)
American Express is dissatisfied with the degree of penetration of its Gold Rewards Plus card in the U. S. market.
Answers (2)
Trainor Company estimates bad debt expense using a percentage of credit sales (5%). The company began its current year with an $8,500 balance in the allowance account.
Answers (1)
assume that you provide your services in a company as its HR representative you must create the code of conduct manual for the company you must have different sections in the manual that refer to professionalism, ethical decision making,
Answers (1)
Name three types of capital. Instructions: In order to receive full credit, you must make a selection for each option. For correct answer (s), click the box once to place a check mark.
Answers (1)
New Questions in Business
Robot Corporation is liquidated, with Marty receiving property having an adjusted basis of $60,000 and an FMV of $90,000. The property is subject to a $80,000 mortgage, which Marty assumes. Marty's basis in the Robot stock surrendered is $50,000.
Answers (1)
Sales and commission are based on selling price, not the costs you have been provided. Labor: 13.8 hours at 18.75 per hour Overhead: 92% of labor Material Costs: $65.
Answers (1)
When airbnb customers in malibu start paying hotel taxes, this will have the potential to raise the equilibrium price in this market and, therefore, decrease efficiency.
Answers (1)
Curtain Co. paid dividends of $14,000; $17,500; and $21,000 during Year 1, Year 2, and Year 3, respectively. The company had 2,400 shares of 7.0%, $100 par value preferred stock outstanding that paid a cumulative dividend.
Answers (1)
In order to accomplish the productivity plan, several Subject Matter Experts from various parts of the organizational have been enlisted. As a result, you have noticed friction and conflict among team members.
Answers (1)
Home » Business » What is "risk" and how can people reduce it through "risk shifting"?
Sign Up Forgot Password?