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The risk manager of JW Company noticed that the company obtained over 90 percent of its raw materials from one supplier and was concerned about

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The risk manager of JW Company noticed that the company obtained over 90 percent of its raw materials from one supplier and was concerned about business interruption if that supplier was closed for some reason. Acting on his recommendation, the company began to purchase raw materials from two other suppliers as well. The use of multiple suppliers illustrates which risk management technique? duplication risk avoidance risk transfer separation diversification

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