Discuss how it might use the four primary risk management

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Using the example of a large manufacturer of industrial chemicals, discuss how it might use the four primary risk management techniques that have been discussed in class. Identify four specific risk exposures that this company might face with each exposure having one of the four following frequency-severity characteristics: low frequency-low severity; high-frequency-low severity; low frequency-high severity; and high frequency-high severity. For each risk exposure, discuss which risk management method (technique) would be most appropriate for that exposure and why. Be specific in the risks you choose and explain the nature of each risk and why it has the frequency-severity characteristics that you say it has. The more specific and detailed your answers are, the more points you will be awarded on this assignment, all other things equal.

Reference no: EM13547707

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