Risk avoidance, risk transfer, and control measures are categorized as what in risk management?

Risk avoidance, risk transfer, and control measures are categorized as risk-control techniques in risk management because they are proactive strategies designed to manage and mitigate risks associated with hazardous situations.

Risk avoidance involves taking steps to eliminate hazards entirely, such as refusing to engage in certain high-risk activities. Risk transfer refers to shifting the responsibility for certain risks to another party, often through insurance contracts, which protects the organization from financial losses. Control measures include implementing policies, procedures, and practices that directly reduce the likelihood of an adverse event or lessen its impact, such as training staff, conducting safety audits, and installing protective equipment.

These techniques are essential in developing a comprehensive risk management plan, as they help organizations reduce their vulnerability to potential threats and ensure a safer operational environment. Other categories mentioned in the options focus on different aspects of risk management, but risk-control techniques specifically deal with how risks are managed before any loss occurs, emphasizing prevention and preparedness.