Which of the following statements about the scope of risk management i

Which of the following statements about the scope of risk management is (are) true?

I. Traditionally, risk management was limited in scope to speculative loss exposures.
II. In the 1990s, some businesses began to expand the scope of risk management to include financial risks.
A) I only
B) II only
C) both I and II
D) neither I nor II

ANSWER

Answer: B