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Risk management
Development of risk
Risk response response strategy
7.1 Objectives
Exposure to severe risks is minimised.
Unnecessary risks are avoided.
Appropriate measures of control are taken.
The balance between risk and return is appropriate.
7.2 Risk treatment (management) methods
Avoid risk.
Transfer risk.
Pool risks.
Diversification.
Risk reduction.
Hedging.
Risk sharing.
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