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3 Cards in this Set
- Front
- Back
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Four Basic Methods Available in Handling Risk |
1. Risk Avoidance 2. Loss Control 3. Risk Retention 4. Risk Transfer |
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Is a conscious decision not to expose oneself or one's firm to a particular risk or loss |
Risk Avoidance |
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Is an action to reduce the loss associated with risk if this cannot be avoided |
Loss Control |
