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Matching the following risk management strategies with their definitions A. risk is taken on by a third party B. an entity acts on its behalf
Matching the following risk management strategies with their definitions
- A. risk is taken on by a third party
- B. an entity acts on its behalf to mitigate the outcome of an expected loss from an identified risk
- C. an entity bears the cost of the risk if it is realized
1. risk retention | |
2. risk neutralization | |
3. risk transfer |
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