Technique of avoidance in risk management program

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Reference no: EM131686120

Avoidance is a risk-control technique that can be used effectively in a risk management program.

a. What is the major advantage of using the technique of avoidance in a risk management program?

b. Is it possible or practical for a firm to avoid all potentail losses? Explain your answer.

Reference no: EM131686120

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