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Which are the methods to manage risks?

A. Risk Avoidance

B. Risk Retention

C. Risk Reduction

D. All of the above

Answer: Option D

Solution(By Examveda Team)

Risk Avoidance, Risk Retention and Risk Reduction are the methods to manage risks. There are four main ways to manage risk: risk avoidance, risk transfer, risk reduction and risk retention. Each is applicable under different.

This Question Belongs to Commerce >> Insurance

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