Question

Which is an example of risk retention?

(1 point)
Responses

having deductibles
having deductibles

keeping a fire extinguisher in your kitchen
keeping a fire extinguisher in your kitchen

quitting smoking
quitting smoking

starting an exercise routine

Answer 1

Having deductibles.

Explanation: A deductible is a form of risk retention (you keep/accept part of the loss yourself). The other choices are risk control (loss prevention or avoidance).