Classify each of the following situations into one of the main risk management approaches: risk acceptance, risk avoidance, risk mitigation, or risk transfer. For each situation, more than one strategies apply. The situations are:
a) Purchase a loss-of-profit insurance
b) Initiated a company policy that no employees are allowed to remotely log onto the company’s network.
c) By company policy, user machines are not allowed to upload any software
d) The company installed three additional firewalls inside the corporate network
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