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What is Risk Management Techniques Overview about?

This document discusses four main methods for handling risk: risk avoidance, loss control, risk retention, and risk transfer. It provides details on each method. Risk avoidance aims to eliminate risk by not engaging in certain activities. Loss control seeks to reduce the frequency or severity of losses. Risk retention involves absorbing any losses that occur. Risk transfer passes the financial responsibility for losses to another party, such as through insurance. The document examines the advantages and dis

Author

Datty Ndiba J

Language

EN