Use the four primary risk management techniques

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Discuss how Apple might use the four primary risk management techniques.

Briefly describe the steps in the risk management process that should be followed by the risk manager of the firm/organization.

Identify four specific risk exposures 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. 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.

For each risk exposure in (b), discuss which risk management method (technique) would be most appropriate for that exposure and why.

You can choose one of the two options from the following:

Describe several sources of funds for paying losses if retention is used in your risk management techniques

Identify other departments in the firm that would also be involved in the risk management program.

Reference no: EM132211680

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