Exercise 1
1. Separation is a Answer risk management technique. Pre-loss
reduction
2. is a risk management technique by spreading across different
exposures (units / parties) to reduce the severity of losses. diversification
3. Loss Answer is a risk management technique that reduces the
frequency of losses. prevention
4. Requiring double-passwords to access computer network is a risk management
technique called Answer . Duplication
5. Encrypting data of online business transactions is a risk management technique
called Answer . Loss reduction
6. Imposing zoning for the setting up of factories is a risk management technique
called Answer . separation
7. Applying first-aids to an injured worker while waiting for an ambulance to send him to
hospital is a risk management technique called Answer .
Rehabilitation
8. Setting up firewall to protect computer network from cyberattack is a risk
management technique called Answer . Loss reduction
9. Removing undamaged inventories from a burnt warehouse is a risk management
technique called Answer . salvage
10.Strengthening the packaging of non-prescription drugs to make them child-resistant
is a risk management technique called Answer . Loss prevention /
loss avoidence
11.Using a screening device to test air sample to check the presence of explosive is a
risk management technique called Answer . Loss prevention
12. Diversification is a Answer risk management technique. Pre-loss
reduction
13. Duplication is a Answer risk management technique. Pre-loss
reduction
14. Imposing greater access restriction on computer network is a risk management
technique called Answer . Loss prevention/ duplication
15.Using fire-resistant materials to build a business complex is a risk management
technique called Answer . Loss reduction
16.Loss Answer is a risk management technique that eliminates
losses so that they never happen. avoidance
17.Loss Answer is a risk management technique that reduces the
frequency or severity of losses. control
18. Loss Answer is a risk management technique that reduces the
severity of losses. reduction
19.Backing up the records of account receivables is a risk management technique
called Answer . duplication
20.Enacting a ruling to restrict the amount of carbon dioxide released by factories is a
risk management technique called Answer . Loss prevention/ loss
reduction
21. is a technique used to manage risks after their occurrence in
order to reduce the severity of losses. Post loss reduction
22.Automatic reporting of unauthorized access attempt is a risk management technique
called Answer . Loss reduction/ duplication
23.Installing an automatic fire sprinkler system in the building is a risk management
technique called Answer . Loss reduction
24.Using a screening device to check for metal weapon is a risk management technique
called Answer . Loss prevention
25. is a risk management technique by having back-up of assets to
reduce the severity of losses. Duplication
26. is a technique used to manage risks in order to reduce the
severity of losses when the risks occur. Loss reduction
27.Having a diverse base of domestic and foreign customers is a risk management
technique called Answer . diversification
28. Storing finished goods in two warehouses in different locations is a risk
management technique called Answer . separation
29.Setting up physical barrier to make it more difficult for suicide bomber to reach the
building is a risk management technique called Answer . Loss
reduction/ loss prevention
30. is a risk management technique by spreading loss exposure
units apart from each other or dividing them into smaller divisions to reduce the
severity of losses. Diversification
