If You Lower the Probability of Loss by Taking Preventive

question 151

Multiple Choice

If you lower the probability of loss by taking preventive action you are engaging in which one of the following risk management strategies?

• A)Risk avoidance
• B)Risk reduction
• C)Risk retention
• D)Risk transfer

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Definitions:

Type 1 Diabetes

An autoimmune condition where the pancreas produces little or no insulin, requiring insulin administration for management.

Critical Thinkers

Individuals who actively analyze and evaluate information and arguments, applying skeptical and objective reasoning.

Unique Needs

The specific requirements or considerations tailored to an individual or a specific group, distinct from the general population.

Theoretical Knowledge

Knowledge based on theories, principles, and concepts that are abstract and not derived from practical experience or empirical evidence.