Which of the following statement is correct?

All the answers are incorrect.

If the probability of worker injury is $10\%,$ and the health care of injured worker,

when it happens, is approximately $$60,000,$ then the expected loss, $E(L),$ is

$$12,000.$

If it were possible, eliminating the risk of loss would be excessively costly to

businesses and consumers alike.

When the firms buy insurance loss financing costs increase but also the expected

indirect losses $($bankruptcy costs$)$ increases.

Cost of loss control could be due to $(1)$ retention and self$-$insurance, $(2)$ buying

insurance, $(3)$ applying hedging tools, $(4)$ arranging other risk transfers.