Driving as safely as possible is an example of
A) loss prevention.
B) loss avoidance.
C) loss reduction.
D) loss control.

Question

Quizplus · Accepted Answer

Driving as safely as possible to avoid accidents is an example of loss avoidance, which means taking proactive measures to prevent losses from occurring in the first place. Loss prevention refers to measures taken to reduce the frequency of losses, while loss reduction involves mitigating the severity of losses that do occur. Loss control encompasses all of these strategies and involves managing both the frequency and severity of losses. However, driving safely is primarily focused on avoiding losses altogether, rather than reducing or controlling them.

Driving as Safely as Possible Is an Example of