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Risk Management and Loss Prevention Quiz

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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?

Investment in receivables (B) Signup and view all the answers

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

Record for honesty and fair dealing (A) Signup and view all the answers

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

Purchase outside insurance (A) Signup and view all the answers

What can alert management of any adverse trends in operations?

Record of accounting (A) Signup and view all the answers

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

Personnel policies (C) Signup and view all the answers

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