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