Preventing loss through risk management includes all of the following, except

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Media involvement is not a standard component of risk management. The other options, risk analysis, policy formulation, and specification of a protection plan, are necessary elements of effective risk management. Media involvement is not a standard element of risk management. The other options, including risk analysis, policy formulation, and specification of a protection plan, are all critical components of a risk management strategy.

Preventing Loss Through Risk Management Includes All of the Following