Question
There are several techniques available for managing risk. For each of the following risks and risk-control methods, give an example of how the method can
There are several techniques available for managing risk. For each of the following risks and risk-control methods, give an example of how the method can be implemented. a. Avoidance: the risk of sinking (by human). b. Loss prevention: the risk of family heads premature death because of a heart attack. c. Lossreduction(ingeneral):theriskofburningacar because of fire. d. Loss reduction (by duplication): the risk of losing accounting documentation. e. Loss reduction (by separation): the risk of losing all money by pickpockets during a vacation. f. Loss reduction (by diversification): the risk of our bankruptcy b
--------------- Please Solve As soon as Solve quickly I get you thumbs up directly Thank's Abdul-Rahim Taysir
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started