All are part of the risk management process except: a. Risk Avoidance b. Risk Transfer c. Risk Development d. Loss Control None of the Above e. A State of Risk occurs when there is Knowing an outcome bUncertainty concerning a loss c. Something that increases a hazard d. Predicting a variation of loss e. None of the Above a. There are many types of risk but insurance only can insure which type a. Cumulative b. Adverse c. Speculative d. Predictable None of the Above e. in an objective risk which party usually measures and is more interested in variations to predict the risk a. The insured b. The Insurance Company The business Owner c. d. A third party None of the Above e. Liability risk, when someone else is suing you or you cause damag usually involves: Frequency and Severity a. Only one party b. c. Health related issues Easier claims processes d. None of the Above e