Page 36 - EBOOK RISK MANAGEMENT
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5)  A risk is when the likelihood is low and impact of loss is high showing that risk

                    management tool should be used as:
                  a.  Risk Avoidance

                  b.  Risk Prevention

                  c.  Risk Control
                  d.  Risk Transfer



               Question 6


               Give an example of loss and identify its direct and indirect loss.


                                                                 DIRECT LOSS



                             LOSS





                                                                INDIRECT LOSS










               Question 7-10

               Using internet as your reference, find example of:
               7)  Checklist

               8)  Flowchart
               9)  Fault trees

               10) Interviews / discussions












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