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Potential negative consequences of a certain risk are estimated to cost no more than fifty thousand dollars and there is no likelihood of injuries or death related to the risk. Deciding to spend millions of dollars to manage this risk would violate which risk management principle?

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  • Potential negative consequences of a certain risk are estimated to cost no more than fifty thousand dollars and there is no likelihood of injuries or death related to the risk. Deciding to spend millions of dollars to manage this risk would violate which risk management principle?


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