Please assits

Which of the following is the best way for a company to prevent loss from a specific risk? Select one: O a. Avoid the risk O b. Hedging against financial risks O c. Risk retention O d. Take reasonable action to control risk Which of the following is NOT a method for an organisation to avoid risk? Select one: O a. Purchasing insurance O b. Ceasing the particular activity giving rise to the risk O c. Changing the location at which the activity is carried out O d. Changing the materials used Loss prevention and risk reduction are concerned with by either reducing the likelihood or frequency of a particular event, or by reducing the severity of it. Select one: O a. Risk retention O b. Risk sharing O c. Risk control O d. Risk transferWhich of the following items regarding achieving risk avoidance is TRUE? Select one: C) a. Planning stage of a new project (3 b. Changing a vendor C) c. If the risk cannot be avoidedr a contingency plan needs to be created (3 d. All of the above The risk manager needs to make sure that in the organisation are aware that they can contribute to the control of risk. Select one: C) a. Experts C) b. All the people C) c. Risk managers C) d. Financial officers Which of the following items best describes passive control in preventing losses? Select one: C) a. Sprinklers (:3 b. CCTV C) c. Automatic cutoff devices (3 d. Machine guards Which of the following items best describes organisational measures? Select one: C) a. Smoke detectors L) b. Fire shutters _ c. Health and safety regulations L) d. Metal detectors in food production lines Which of the following is TRUE regarding risk control? Select one: C) a. Risk control must be cost effective L) b. The cost of risk control should compare with other means of risk control, such as risk financing L) c. Organisations may turn to the insurance market to deal with the control of the pure risks their companies faced L) d. All of the above According to the te)ctr the risk of presents the largest potential loss faced by most organisations. Select one: C) a. Fire L) b. Legal liabilities L) c. Security L) d. Health and safety Which of the following best describes the key factor determining any risk reduction measure? Select one: C) a. Legislative requirements C) b. Profitability C) c. Society's expectations C) d. All of the above