One example of risk avoidance is to delay taking responsibility for purchased goods until the arrival of the goods.
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Q1: Risk avoidance is a conscious decision not
Q3: Loss control may take the form of
Q4: Heinrich's domino theory suggests that the absence
Q5: A sprinkler system is a concurrent loss
Q6: Risk retention means the voluntary assumption of
Q7: Risk retention can be planned or unplanned.
Q8: Funded retention involves making various pre-loss arrangements
Q9: Credit is a major source of funds
Q10: Small businesses are more likely to use
Q11: When deciding whether to self-insure, a risk
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