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An entrepreneur keeps backup funds in a savings account so that if their business experiences a loss, they will be able to recuperate. What type of risk management is this an example of?
reducing risk
sharing risk
avoiding risk
maximizing risk

Respuesta :

The correct answer is B. reducing risk. The answer itself is self explanitory and perfectly fits the given senario posed in the question. Hope Ive helped!
Parrain

The risk management style that the entrepreneur is practicing is reducing risk.

What is the entrepreneur doing?

The entrepreneur is trying to ensure that if there was ever a situation where the business experienced losses, they would still be able to bounce back.

This means that the entrepreneur is reducing the risk of the business failing to operate as a result of making losses.

In conclusion, option A is correct.

Find out more on risk management at https://brainly.com/question/13760012.

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