Question: There are several techniques available for managing risk. For each of the following risks and risk management methods, give an example of how the method

There are several techniques available for managing risk. For each of the following risks and risk management methods, give an example of how the method can be implemented.

a. Risk-related Loss prevention: the risk of family head's premature death because of a heart attack.

b. Risk Sharing: the risk of losing all money by pickpockets during a vacation.

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