Register

Arborist Practice Test & Exam Prep

Access More Questions
A company decides to pay the first LKR 100,000 of every small property loss from its own funds. Which risk-management technique does this illustrate?
Correct Answer:
Risk retention
Explanation:
Risk retention means accepting and financing some or all of a loss internally. Paying the first LKR 100,000 from company funds is a deliberate retention of that layer of risk.

Access more questions from this quiz

Continue to Arborist Practice Test & Exam Prep for more practice questions and the full quiz experience.

Access More Questions