1. a risk management strategy that involves an individual or business absorbing costs rather than…

1. a risk management strategy that involves an individual or business absorbing costs rather than transferring the cost to an insurance company is\n avoidance\n reducing\n retaining\n transferring\n clear all

1. a risk management strategy that involves an individual or business absorbing costs rather than transferring the cost to an insurance company is\n avoidance\n reducing\n retaining\n transferring\n clear all

Answer

Brief Explanations:

Risk - retaining is when an individual or business absorbs costs instead of transferring them to an insurance company. Avoidance means staying away from the risk - causing activity, reducing is about minimizing the impact of risk, and transferring is shifting the risk to another party like an insurance company.

Answer:

C. Retaining