Risk Management and Loss Prevention Quiz
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Questions and Answers

What can help assure a business of updates on price trends?

  • Record of accounting
  • Good management (correct)
  • Study of population trends
  • Insurance policy

What can warn business owners about risks involving the loss of property value?

  • Personnel policies
  • Business activities study (correct)
  • Study of population trends
  • Record of accounting

How can risks involving financial issues/hardships be managed?

  • Good management
  • Study of population trends
  • Purchase outside insurance
  • Proper planning (correct)

What is a method of protection against risks mentioned in the text?

<p>Investment in receivables (B)</p> Signup and view all the answers

What can help a business person secure financial help when needed?

<p>Record for honesty and fair dealing (A)</p> Signup and view all the answers

Which strategy allows for less risks for a business and shifts them to the insurance company?

<p>Purchase outside insurance (A)</p> Signup and view all the answers

What can alert management of any adverse trends in operations?

<p>Record of accounting (A)</p> Signup and view all the answers

What can help ensure employers of the honesty and integrity of their employees?

<p>Personnel policies (C)</p> Signup and view all the answers

What method can help guard against risks involving financial issues/hardships?

<p>Investment in receivables (B)</p> Signup and view all the answers

What factor varies with protection action taken against risks?

<p>Services and circumstances (B)</p> Signup and view all the answers

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