CRM56 Practice Questions - Canadian Risk Management CRM56 - Risk Financing Exam

In CRM risk financing, which statement best defines risk financing?

A conscious decision that generates funds to offset cash-flow variability from risk outcomes Any safety program that reduces the frequency of workplace injuries The process of identifying only speculative investment risks A requirement to purchase guaranteed-cost insurance for every exposure

Correct Answer:

A conscious decision that generates funds to offset cash-flow variability from risk outcomes

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