Frazier Electric keeps a paper copy of business records at the company's headquarters.The company also has two back-up copies of business records stored in electronic files.The electronic files are kept in the event the paper records are damaged or destroyed.The back-up files illustrate which of the following risk control techniques?
A)loss prevention
B)loss reduction
C)diversification
D)duplication

Question

Quizplus · Accepted Answer

The best choice is duplication because the company has created two back-up copies of its business records to reduce the risk of losing important information in the event that the paper records are damaged or destroyed. Duplication involves creating multiple copies of important information or assets to reduce the impact of potential losses.

Frazier Electric Keeps a Paper Copy of Business Records at the Company's