Question: 1. Using the basic risk management matrix, Table 3-4. explain the following: b-d 15 points I will do a for you. a. When would you

1. Using the basic risk management matrix, Table 3-4. explain the following: b-d 15 points I will do a for you. a. When would you recommend to your company to buy insurance? Answer: | recommend we buy insurance for risks that have - low frequency and high severity. b. When would you recommend to your company to avoid the risk? c. When would you recommend to your company to retain the risk? d. When would you recommend to your company to use retention with loss control

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