Global Reach,Inc.,insures its real and personal property,as well as the lives of its key employees,to protect its financial interest should some event undermine its security.This is

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Insuring its property and key employees is a part of risk management, which involves identifying, assessing, and controlling risks to minimize the negative impact on an organization. Risk pooling involves combining the risks of multiple entities, while risk rating involves assessing the risk level of a particular entity. Risk transference involves shifting the risk to another party through methods such as insurance or contracts.