6. List the steps of the Risk Management Process: (5 points) 7. Risk Management techniques include: 1. Insurance 2. Retention, 3. Loss prevention, 4. Loss reduction 5. Avoidance 6. Separation 7. Duplication Match the above to the examples provided below (7 points) distributing your business stock (business property) among several warehouses increasing the deductible on your Homeowner's policy from $500, to a$1,000 deductible the highway department installs a runaway truck path with a huge crash sand pile at the end of the runway path backing up your term paper on a flash drive buying a Tenant Homeowner's Policy to insure your personal possessions _-installing a fence around your swimming pool a company discontinues manufacturing a toy because of concerns about product liability claims 6 1 Pag e