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Principles of Risk Management and Insurance 13th Edition by George Rejda,Michael McNamara
Edition 13ISBN: 978-0134082578Principles of Risk Management and Insurance 13th Edition by George Rejda,Michael McNamara
Edition 13ISBN: 978-0134082578 Exercise 11
Briefly explain each of the following risk-control techniques for managing risk:
1. Avoidance
2. Loss prevention
3. Loss reduction
4. Duplication
5. Separation
6. Diversification
b. Briefly explain each of the following risk-financing techniques for managing risk:
1. Retention
2. Noninsurance transfers
3. Insurance
1. Avoidance
2. Loss prevention
3. Loss reduction
4. Duplication
5. Separation
6. Diversification
b. Briefly explain each of the following risk-financing techniques for managing risk:
1. Retention
2. Noninsurance transfers
3. Insurance
Explanation
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Risk management is the process of contro...
Principles of Risk Management and Insurance 13th Edition by George Rejda,Michael McNamara
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