Driving as Safely as Possible Is an Example of

question 68

Multiple Choice

Driving as safely as possible is an example of

• A) loss prevention.
• B) loss avoidance.
• C) loss reduction.
• D) loss control.

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Definitions:

Cost Containment

Strategies and measures implemented by an organization to control or reduce its expenses, aiming to improve its financial efficiency.

Cooperation

The process of groups or individuals working together towards a common goal or benefit, often requiring communication and compromise.

Divisional Structure

An organizational format where operations are grouped based on distinct products or services, markets, or geographic areas, facilitating specialization and flexibility.

Environmental Changes

Alterations in the natural or built environment, often due to human activities or natural processes.