The pre-loss risk management job is best represented by which sequence of events?
A)identify, measure, insure exposures
B)identify, measure, consider alternatives, reevaluate decisions
C)loss prevention, consider alternatives, reevaluate decisions
D)risk reduction, risk transfer, insure, loss prevention

Question

Quizplus · Accepted Answer

The pre-loss risk management process involves identifying and measuring risks, considering alternatives to manage those risks, and reevaluating decisions to ensure they remain effective.

The Pre-Loss Risk Management Job Is Best Represented by Which