an entrepreneur keeps backup funds in a savings account so that if their business experiences a loss, they…

an entrepreneur keeps backup funds in a savings account so that if their business experiences a loss, they will be able to recuperate. what type of risk management is this an example of? reducing risk. sharing risk. avoiding risk. maximizing risk.

an entrepreneur keeps backup funds in a savings account so that if their business experiences a loss, they will be able to recuperate. what type of risk management is this an example of? reducing risk. sharing risk. avoiding risk. maximizing risk.

Answer

Answer:

reducing risk.

Brief Explanations:

By keeping backup funds, the entrepreneur lessens the impact of potential business losses, which is risk - reduction.