Risk managers use a number of methods for managing risk. For each of the following, what method for handling risk is used? Explain your answer.
a. The decision not to carry earthquake insurance on a firm’s main manufacturing plant
b. The installation of an automatic sprinkler system in a hotel
c. The decision not to produce a product that might result in a product liability lawsuit
d. Requiring retailers who sell the firm’s product to sign an agreement releasing the firm from liability if the product injures someone
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