Installing a new sprinkler system is an example of

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Installing a new sprinkler system is an example of risk control, as it helps to minimize the risk of property damage or loss due to fire. Other examples of risk control include implementing safety procedures, using protective equipment, and performing regular maintenance on equipment. Risk retention refers to accepting the potential consequences of a risk, while risk avoidance means avoiding the activity or situation that may lead to the risk. Risk transfer involves transferring the risk to another party through insurance or contractual arrangements, and risk shift means transferring the risk to a different location or operation. None of these options accurately describe installing a new sprinkler system.

Installing a New Sprinkler System Is an Example of