Loss prevention is the best risk management tool when the chance of loss is ________ and the potential loss severity is ________.
A) high, high
B) high, low
C) low, low
D) low, high

Question

Quizplus · Accepted Answer

Loss prevention is most effective when the chance of loss is high and the potential loss severity is low, as it aims to reduce the frequency of losses rather than their severity.

Loss Prevention Is the Best Risk Management Tool When the Chance