The goal of Risk Management is to

Question

Question: The goal of Risk Management is to

Options:

1.  Minimize insurance expenditures
2.  Make certain that uninsured losses do not occur
3.  Minimize the adverse effects of losses and uncertainty connected with pure risks
4.  Get the best buys in the field of insurance
5.  Eliminate financial loss

Answer 1

3. Minimize the adverse effects of losses and uncertainty connected with pure risks

The goal of risk management is to minimize the adverse effects of losses and uncertainty connected with pure risks.