A company operates an oil refinery. To reduce risk the company has decided to implement significant controls over safe operations. This is an example of:

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If  company has decided to implement significant controls over safe operations. This is an example of: Risk reduction.

What is risk reduction?

Risk reduction can be defined as the way of preventing disasters or  unforseen or unexpected circumstance by implementing control.

Risk reduction is important as it help prevent loss of life and properties and it as well help to maintain sustainable future.

Therefore this is an example of: Risk reduction

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