1. For each of the following situations, recommend a specific type of risk financing for its loss exposure. Support your recommendation. | a. A small furniture business owns the building in which it manufactures its furniture. If the building is damaged or destroyed, the business owner does not have sufficient savings to pay to repair or replace the building. b. A state government for a state located in an earthquake zone faces potentially catastrophic loss if an earthquake damages its infrastructure. A medium-sized business is considering how to pay for its employees' healthcare. It must provide health benefits to compete with other employers for the people it hires and retains. But, any amounts it spends on those benefits affect its available cash to put into other opportunities. C. 1. For each of the following situations, recommend a specific type of risk financing for its loss exposure. Support your recommendation. | a. A small furniture business owns the building in which it manufactures its furniture. If the building is damaged or destroyed, the business owner does not have sufficient savings to pay to repair or replace the building. b. A state government for a state located in an earthquake zone faces potentially catastrophic loss if an earthquake damages its infrastructure. A medium-sized business is considering how to pay for its employees' healthcare. It must provide health benefits to compete with other employers for the people it hires and retains. But, any amounts it spends on those benefits affect its available cash to put into other opportunities. C