APPLICATION QUESTIONS 6. There are several techniques available for managing risk. For each of the following identify an appropriate technique, or combination of techniques, that would be approp: dealing with the risk. a. A family head may die prematurely because of a heart attack. b. An individual's home may be totally destroyed in a thunderstorm. c. A new car may be severely damaged in an auto accident. d. A negligent motorist may be ordered to pay a substantial liability judgment to some injured in an auto accident. e. A surgeon may be sued for medical malpractice. 7. Risk managers use a number of methods for managing risk. For each of the followir method for handling risk is used? Explain your answer. a. The decision not to carry earthquake insurance on a firm's main manufacturing plan b. The installation of an automatic sprinkler system in a hotel c. The decision not to produce a product that might result in a product liability lawsuit d. Requiring retailers who sell the firm's product to sign an agreement releasing the fir liability if the product injures someone