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T4 Exercise 1

Separation is a risk management technique that reduces the severity of losses by spreading exposures across different units or parties. Diversification is a risk management technique that reduces the frequency and severity of losses by spreading risk across multiple exposures. Loss prevention is a risk management technique that reduces the frequency of losses by eliminating or controlling the causes of losses.

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169 views

T4 Exercise 1

Separation is a risk management technique that reduces the severity of losses by spreading exposures across different units or parties. Diversification is a risk management technique that reduces the frequency and severity of losses by spreading risk across multiple exposures. Loss prevention is a risk management technique that reduces the frequency of losses by eliminating or controlling the causes of losses.

Uploaded by

Ekin Aini
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Exercise 1

1. Separation is a Answer risk management technique. Pre-loss


reduction

2. is a risk management technique by spreading across different


exposures (units / parties) to reduce the severity of losses. diversification

3. Loss Answer is a risk management technique that reduces the


frequency of losses. prevention

4. Requiring double-passwords to access computer network is a risk management


technique called Answer . Duplication

5. Encrypting data of online business transactions is a risk management technique


called Answer . Loss reduction

6. Imposing zoning for the setting up of factories is a risk management technique


called Answer . separation

7. Applying first-aids to an injured worker while waiting for an ambulance to send him to
hospital is a risk management technique called Answer .
Rehabilitation

8. Setting up firewall to protect computer network from cyberattack is a risk


management technique called Answer . Loss reduction

9. Removing undamaged inventories from a burnt warehouse is a risk management


technique called Answer . salvage

10.Strengthening the packaging of non-prescription drugs to make them child-resistant


is a risk management technique called Answer . Loss prevention /
loss avoidence
11.Using a screening device to test air sample to check the presence of explosive is a
risk management technique called Answer . Loss prevention

12. Diversification is a Answer risk management technique. Pre-loss


reduction
13. Duplication is a Answer risk management technique. Pre-loss
reduction

14. Imposing greater access restriction on computer network is a risk management


technique called Answer . Loss prevention/ duplication

15.Using fire-resistant materials to build a business complex is a risk management


technique called Answer . Loss reduction

16.Loss Answer is a risk management technique that eliminates


losses so that they never happen. avoidance

17.Loss Answer is a risk management technique that reduces the


frequency or severity of losses. control

18. Loss Answer is a risk management technique that reduces the


severity of losses. reduction

19.Backing up the records of account receivables is a risk management technique


called Answer . duplication

20.Enacting a ruling to restrict the amount of carbon dioxide released by factories is a


risk management technique called Answer . Loss prevention/ loss
reduction

21. is a technique used to manage risks after their occurrence in


order to reduce the severity of losses. Post loss reduction

22.Automatic reporting of unauthorized access attempt is a risk management technique


called Answer . Loss reduction/ duplication
23.Installing an automatic fire sprinkler system in the building is a risk management
technique called Answer . Loss reduction

24.Using a screening device to check for metal weapon is a risk management technique
called Answer . Loss prevention

25. is a risk management technique by having back-up of assets to


reduce the severity of losses. Duplication

26. is a technique used to manage risks in order to reduce the


severity of losses when the risks occur. Loss reduction

27.Having a diverse base of domestic and foreign customers is a risk management


technique called Answer . diversification

28. Storing finished goods in two warehouses in different locations is a risk


management technique called Answer . separation

29.Setting up physical barrier to make it more difficult for suicide bomber to reach the
building is a risk management technique called Answer . Loss
reduction/ loss prevention

30. is a risk management technique by spreading loss exposure


units apart from each other or dividing them into smaller divisions to reduce the
severity of losses. Diversification

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