BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Taking steps to minimize the amount of risk.
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risk avoidance
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risk reduction
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risk retention
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risk transfer
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Explanation:
Detailed explanation-1: -Risk Reduction-measures to reduce the frequency or severity of losses, also known as loss control. May include engineering, fire protection, safety inspections, or claims management.
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