Managing Risks

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  • I want this red car please!!!
  • You know there are a lot of risks for driving .
  • Oh really? Tell us more.
  • Did you know there are multiple ways of managing risks?
  • Oh okay,but how do you transfer and reduce risk?
  • Well,you avoid risk by  taking steps to avoid,and you ignore a risk because the loss is so minimum
  • Ok ,well you can transfer,ignore,avoid,and reduce risk
  • Oh really?Interesting.
  • Yes,and a way to reduce risk is by buying a car with more safety features
  • Yes,and the way to transfer risk is to simply get insurance.
  • Wow thanks for that.
  • What about the other two?
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