The Probability of a Loss Occurring Can Be Reduced by

question 51

Multiple Choice

The probability of a loss occurring can be reduced by

• A)risk observance.
• B)loss prevention.
• C)risk assumption.
• D)risk retention.
• E)insurance.

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Definitions:

Specialized Professionals

Individuals with expertise in a particular area or field, often requiring specific education or training.

Service Quality

A measure of how well a delivered service matches customer expectations, often evaluated through dimensions like reliability, responsiveness, assurance, empathy, and tangibles.

Gap Analysis

A method of assessing the differences between actual performance and potential or desired performance in an organization, often used to identify areas for improvement.

Organizational Delivery

The method or process through which a company provides its products or services to its customers.