1. Raissa operates a pawn shop in a large city. Her shop is in a high-crime area, and the high cost of burglary insurance is threatening the existence of her business. A trade association points out that several methods other than insurance can be used to handle the burglary exposure. Identify and illustrate THREE (3) different non-insurance methods that might be used to deal with this exposure.

Non-insurance methods	Measures

1. Glitter Goldsmith Company is a reputable jeweller store in Kuala Lumpur owned by Mr Budiman. The company operates in a self-owned shop lot, worth RM1 million. On average, the store holds RM5 million worth of jewellery in the store and employs 10 staff including one store manager.

(a) Identify the major pure risks faced by Glitter Goldsmith Company in terms of property, crime, human resource, and liability risks.

Types of Risk	Explanation
Property risk
Crime risk
Human resource risk
Liability risk

(b) Give examples of the risk control and risk financing activities that the company might undertake for each of the risks identified in (a).

Types of Risk	Risk Control	Risk Financing
Property risk
Crime risk
Human resource risk
Liability risk