Tashkent institute of finance department «state finance» presentation on the discipline “Finance” on the Theme

Theme 2.17. «Finance and risks»

To reduce risk, there are four basic techniques for risk management.

Copyright © 2020 Ye. А. Akhunova

1. Risk avoidance.

2. Loss prevention and control

3. Risk retention

4. Risk transfer

Theme 2.17. «Finance and risks»

Risk avoidance and loss prevention and control

Copyright © 2020 Ye. А. Akhunova

1. Risk avoidance

• Risk avoidance is a conscious decision not to be exposed to a particular type of risk. A person may decide not to expose himself to the risk associated with any profession or work in a company, may shy away from working in certain industries, because they seem to him too risky. But risk is not always avoided. For example, every person is at risk of getting sick - simply because he is a person, and all people get sick. It's unavoidable.