Risk managers use a number of methods for managing risk. For each of the following, what method for handling risk is used? Explain.

The decision not to carry earthquake insurance on a firm's manufacturing plant.

The installation of an automatic sprinkler system in a hotel.

The decision not to produce a product that might result in a product liability lawsuit.

Requiring retailers who sell the firm's product to sign an agreement releasing the firm from liability if the product injures someone.