When you absorb the risk and cover the loss from your own resources
A. Risk avoidance
B. Loss control
C. Risk retention
D. Loss prevention
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Selling a risky asset before the loss occurs (selling a risky stock)
A. Loss control
B. Loss retention
C. Loss prevention
D. Risk transfer
Risk management is _____ (always changing)
A. Static
B. Stable
C. Dynamic
D. Simple
A very common form of risk transfer is ______
A. Risk retention
B. Insurance
C. Risk avoidance
D. Investing