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Which of the following is a risk management technique

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6. Which of the following is a risk management technique whereby the risk of loss is prevented by notengaging in activities that present the risk?A. Loss financingB. AvoidanceC. Risk retentionD. Self-insuranceAnswer: B.AvoidanceFeedback:Avoidance is a risk management technique whereby the risk of loss is prevented by notengaging in activities that present the risk.
7. Which of the following is an advantage of insurance loss transfer?
8. A loss exposure is a situation or condition that exposes an asset to loss. There are four categories of lossexposures:
C70 Study 3: Risk Management and Commercial Insurance—Answer Key 2 © The Insurance Institute of Canada9. A liability loss exposure arises from one’s negligence. Negligence is best described as follows: A.

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The Insurance Institute of Canada

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