7.Which of the following is not an advantage of the risk retention technique?

a.Save on current expenses b. Possible lower taxes c.Increase the cash-flow level d.Encourage loss prevention

8.The objectives of risk management are divided into:

a.Control of risk and prevention of risk b.Prevention of costs and control of costs c.Pre-loss objectives and post-loss objectives d.Identification of loss exposures and quantification of loss exposures