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  3. 1.graphically explain the extent of risk reduction

1.Graphically explain the extent of risk Reduction if the losses are perfectly positive, less than perfectly...

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Finance

1.Graphically explain the extent of risk Reduction ifthe losses are perfectly positive, less than perfectly positive anduncorrelated.
2. Explain different approaches of risk prevention techniques alongwith the risk management methods.

it is risk management question not about Stockmarket

Answer & Explanation Solved by verified expert
4.4 Ratings (690 Votes)
As people begin to age they usually encounter more health risks Managing pure riskentails the process of identifying evaluating and subjugating these risks a defensive strategy to prepare for the unexpected The basic methods for risk management avoidance retention sharing transferring and loss prevention and reduction can apply to all facets of an individuals life and can pay off in the long run Heres a look at these five methods and how they can apply to managing health Risks Avoidance Avoidance is a method for mitigating risk by not participating in activities that may incur injury sickness or death Smoking cigarettes is an example of one such activity because avoiding it may lessen both health and financial risks According to the American Lung Association smoking is the leading cause of preventable death in the US and claims more than    See Answer
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