select the correct answer. which strategy is an effective way to manage risk? a. documenting and sharing…

select the correct answer. which strategy is an effective way to manage risk? a. documenting and sharing risk management procedures b. renouncing changes in government policies c. transferring risk to vendors d. storing large amount of cash on company premises e. investing in share market

select the correct answer. which strategy is an effective way to manage risk? a. documenting and sharing risk management procedures b. renouncing changes in government policies c. transferring risk to vendors d. storing large amount of cash on company premises e. investing in share market

Answer

Brief Explanations:

Documenting and sharing risk - management procedures helps in having a clear understanding of how to handle risks, making it an effective risk - management strategy. Renouncing government policy changes is not possible. Transferring risk to vendors may not always be feasible or effective. Storing large amounts of cash on company premises increases risk. Investing in the share market is risky itself.

Answer:

A. documenting and sharing risk management procedures