Question

one precaution you should always take while handling a magnet is not to drop it why❓

Answer 1

because a magnet loses its magnetic power if it falls down
so it should be hold properly
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Answer 2

As if you drop it from a height so it will lose its magnetic property and also the magnetic field around it and won't attract magnetic substances or won't act like a magnet
you can say it will get demagnetised..

Not only by dropping even if you heat it ,it will lose its magnetic property..