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Question 3 A Briefly define the term Risk Control'. (2 marks) B. Outline the major risk control techniques used for managing risk. (6 marks) C.

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Question 3 A Briefly define the term "Risk Control'. (2 marks) B. Outline the major risk control techniques used for managing risk. (6 marks) C. Briefly define the term 'Risk Financing (2 marks) D. Outline the major risk financing techniques used for managing risk. (6 marks) E Briefly define Insurance (2 marks) F. Identify FOUR (4) basic characteristics of insurance. (6 marks)

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