State whether the following activities would result in a risk retention or risk avoidance strategy: - An

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State whether the following activities would result in a risk retention or risk avoidance strategy:

- An organisation sells a subsidiary in a politically unstable country.

- The Board of a company decides that they have a low risk appetite and therefore reject a potentially profitable contract.

- The organisers of an outdoor sporting event decide that the risk of rain is low, and take no further action regarding the probability of rain occurring.

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