In administering a risk-management program,you should use the maximum possible loss as a guide for the dollar amount of coverage to buy.

Name: In administering a risk-management program,you should use the maximum possible loss as a guide for the dollar amount of coverage to buy.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The maximum possible loss is the worst-case scenario for a loss event. By using this as a guide, you can ensure that you have enough coverage to protect your organization from financial ruin.

In Administering a Risk-Management Program,you Should Use the Maximum Possible