Question: There are five methods can be used to handle risk. For each of the following situations, state and explain an appropriate method for handling risk.

There are five methods can be used to handle risk. For each of the following situations, state and explain an appropriate method for handling risk.
i. Fires can be prevented by forbiding workers to smoke in a building where highly
flammable materials are used. (5 marks)
ii. The installation of sprinkler system in a hotel. (5marks)
iii. The risk of premature death faced by a breadwinner in a family. (5marks)
iv. Divorce can be avoided by not marrying. (5 marks)
ANSWER ASAP

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!