INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-An activity that reduces the chance that a loss will occur is [risk shifting | loss prevention].
A)for the first item
B)for the second item
C)if neither item will correctly complete the statement.

Question

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-An activity that reduces the chance that a loss will occur is [risk shifting | loss prevention].
A)for the first item
B)for the second item
C)if neither item will correctly complete the statement.

Quizplus · Accepted Answer

Risk shifting involves transferring the risk to another party, whereas loss prevention involves taking steps to reduce the likelihood of a loss occurring. Therefore, loss prevention is the appropriate choice for this statement.

INSTRUCTIONS: Choose the Word or Phrase in [ ] Which