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11. Briefly explain each of the following risk control techniques for risk management: a. Avoidance b. Loss prevention c. Loss reduction d. Duplication e. Separation

11. Briefly explain each of the following risk control techniques for risk management:

a. Avoidance

b. Loss prevention

c. Loss reduction

d. Duplication

e. Separation

f. Diversification

12. Briefly explain each of the following risk financing techniques for risk management:

Retention

Insurance transfers

Insurance

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