Question: 1. In the Risk Management Framework, there are two broad categories of techniques to select after having identified and evaluated the risk exposures. What are

1. In the Risk Management Framework, there are two broad categories of techniques to select after having identified and evaluated the risk exposures. What are these two broad categories?

2. What is the primary difference in how/when these two broad categories?

3. Identify one specific technique from each of the two broad categories from Question 1, and then provide an example of when it would be appropriate to use that selected technique

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