Review the following risk management strategies implemented by various entities and pair them with the specific risk handling technique they illustrate.
- A physician permanently stops performing a specific complex surgical procedure to eliminate the exposure to related malpractice claims.Risk Avoidance
- A technology firm installs advanced network monitoring tools and mandates cybersecurity training to lower the frequency and severity of data breaches.Risk Reduction
- A municipality sets aside a dedicated reserve fund to pay for routine physical damage to its utility vehicles out-of-pocket.Risk Retention
- A general contractor requires all subcontractors to sign a hold-harmless agreement, shifting the financial responsibility for job-site injuries.Risk Transfer
- Several small community clinics form a joint liability pool, contributing premiums to collectively pay for any medical malpractice claims within the group.Risk Sharing
Cevap
The correct matching aligns each scenario with its corresponding STARR method: ceasing the procedure is Avoidance, installing tools is Reduction, reserving funds is Retention, signing a hold-harmless agreement is Transfer, and pooling resources is Sharing.
Each scenario perfectly illustrates one of the five STARR methods of handling risk. Ceasing an activity is Avoidance; mitigating damage is Reduction; self-funding is Retention; contractual shifting is Transfer; and pooling is Sharing.
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Anahtar Kavram
Methods of Handling Risk (STARR)