Think of a risk that an individual faces and find a specific example. Then apply the 6Methods of Risk Control.Select which of the Method you believe to be the best option for the scenario.

Methods of risk control include:

-Avoidance: Loss exposure never acquired

-Loss prevention: Reduce frequency of loss

-Loss reduction: Reduce Severity of loss

-Duplication: having backups or copies of important documents or property available in case a loss occurs

-Separation: Dividing assets exposed to loss to minimize harm from single event

-Diversification: spreading the loss exposure across different parties