When a firm buys insurance to cover losses caused by riots, the firm is

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When a firm buys insurance to cover losses caused by riots, the firm is

 Options:

 

  • A. Transferring risk.
  • B. Avoiding risk.
  • C. Assuming risk.
  • D. Reducing risk.

 

The Correct Answer Is:

  • A. Transferring risk.

Conclusion

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