18. If you want to ski in spite of the hazards involved, you can engage in a physical fitiness program to toughen your body to withstand spills without serious injury. This is an example of: a loss reduction, which reduces the probability of loss. b. loss prevention, which reduces the severity of loss. c. loss reduction, which reduces the frequency of loss. d. loss reduction, which reduces the severity of loss. e. loss prevention, which reduces the probability of loss. 19. According to the risk management matrix, risk exposures with low frequency of losses and low severity of losses are: a retained. b. transferred. c. avoided. d. ignored. e. retained with loss control. 20. According to the risk management matrix, risk exposures with high frequency of losses and low severity of losses are: a retained or self-insured. b. transferred or insured. c. avoided. d. ignored. e. retained with loss control. 21. According to the risk management matrix, risk exposures with high frequency of losses and high severity of losses are: a retained or self-insured. b. transferred or insured. c. avoided d. ignored e. retained with loss control