Question

. The problem of risk is overcome by __________ *
2 points
1. Transport
2. Warehousing
3. Insurance​

Answer 1

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Answer 2

The problem is overcome by Insurance.

• It is a way of safeguarding against financial loss.
• It is a type of risk management that is generally utilised to protect against the danger of a speculative or unpredictable loss.
• Its main goal is to eliminate the risk problem.
• It provides a person's financial security in the event of any life problem, which is why insurance is such a vital aspect of financial planning.