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Risk Management City Bus Corporation provides school bus transportation to public schools in Lancaster County. City Bus owns 50 buses garaged in three different cities

Risk Management City Bus Corporation provides school bus transportation to public schools in Lancaster County. City Bus owns 50 buses garaged in three different cities within the county. The firm faces competition from two larger bus companies that operate in the same area. Public school boards generally award contracts to the lowest bidder, but the level of service and overall performance are also considered. Assume you are the risk manager of City Bus, how would you manage the risks faced by City Bus

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