Differentiate in active risk retention and passive retention

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Reference no: EM132295412

1. Explain how small firms can take advantage of risk management concepts.

2. Differentiate between active risk retention, passive retention, and self-insurance.

3. What is the relationship between the language one speaks and the history, beliefs, values, and environment the person comes from? Give some examples that illustrate this relationship and explain how they illustrate the relationship.

Reference no: EM132295412

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