?
Which of the following statements is correct?
Answer & Solution
Correct Answer:
Option
A
Risk prevention aims at avoidance of loss through insurance. Insurance helps minimize the negative impacts of losses. While insurance is a reactive solution, it is always better – whenever possible – to avoid this type of events. Some risks are inevitable, but others can be minimized by taking preventative measures.
Join the Discussion
Login to post a comment or share your explanation.
Login