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This question belongs to Commerce Insurance

Insurance

?

_ and _ refer to measures to reduce chance of occurrence and measures to reduce degree of losses.

A) Loss Prevention, Loss damage B) Loss Control, Loss management C) Loss advantage, Loss prevention D) Loss Prevention, Loss Reduction

Answer & Solution

Correct Answer: Option D

Loss Prevention and Loss Reduction refer to measures to reduce chance of occurrence and measures to reduce degree of losses.

Question posted by Examveda

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