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:

Internet

A global network of computers that provides a wide range of information and communication facilities, including access to websites and other services.

Information Technologies

Systems, software, and equipment designed to store, retrieve, transmit, and manipulate data, significantly influencing the operation of businesses and societies.

Group Decision Support System

A computer-based system designed to aid groups in making decisions, improving the efficiency and effectiveness of team decision-making processes.

Interactive

Characterized by reciprocal action or influence, allowing for communication or exchange between people or systems.