0 Risk transfer: noninsurance [hold harmless agreements, incorporation, and hedging] and insurance i] Deciding which techniques to use for which types of risk. 0 Avoid risks if possible and it makes economic sense and being aware of the unintended consequences. 0 Implement loss control measures to reduce risk as long as it makes economic sense. [IHow to decide whether to use loss control or not. [IWhat did Ford fail to consider in their decision about the Pinto? [IPareto principle: BUIZU rule. KFC example. [IAnalyzing loss control decisions. lCole department store example