Answer:
The correct answer is II
Explanation:
Risk management is the term which is defined as the function of executive of dealing with the particular risks, which is faced by the enterprise.
The risk manager has to consider the following factors:
1. To decide on the economical as well as best way of handling the risk of the loss.
2. To evaluate the size of the loss as well as frequency of the loss.
3. The financial strength of the insurer or the enterprise.
4. To acknowledge the exposure of the loss.
