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

There are several techniques available for managing risk. For each of the following risks and risk-control methods, give an example of how the method can be implemented. a. Avoidance: the risk of sinking (by human). b. Loss prevention: the risk of family heads premature death because of a heart attack. c. Lossreduction(ingeneral):theriskofburningacar because of fire. d. Loss reduction (by duplication): the risk of losing accounting documentation. e. Loss reduction (by separation): the risk of losing all money by pickpockets during a vacation. f. Loss reduction (by diversification): the risk of our bankruptcy b

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