Match each method of handling risk to its corresponding real-world example or definition.
- Risk AvoidanceEliminating an exposure entirely by choosing not to participate in a hazardous activity.
- Risk RetentionAccepting the financial consequences of a loss, often demonstrated by choosing a deductible.
- Risk ReductionImplementing safety measures, such as installing a burglar alarm, to minimize the severity of a loss.
- Risk TransferShifting the financial burden of a potential loss to an insurance company by purchasing a policy.
Cevap
Risk Avoidance matches with eliminating an exposure entirely; Risk Retention matches with accepting the financial consequences (such as a deductible); Risk Reduction matches with implementing safety measures; Risk Transfer matches with shifting the financial burden to an insurance company.
The correct pairings accurately reflect the core STARR methods. Avoidance stops the exposure completely, Retention accepts the financial impact (such as a deductible), Reduction lessens the likelihood or severity of damage, and Transfer shifts the financial burden to an insurer.
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Anahtar Kavram
The STARR Methods of Handling Risk