4-Risk Management-Snapshot Review

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🔊 Listen to Lesson STRATEGIES                  Two dimensions of risk: size, probability; risk management: a structured approach to uncertainty Avoidance                               Refrain from risky activity Reduction                          Reduce probability; share responsibility Transference                         Pass risk by contract; insurance Retention                               Accept risk; self-insurance RISK MANAGEMENT PROCEDURES Education                           Train in laws, forms and procedures, job performance Disclosure                              Provide information to reduce […]

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