Question

THE MEASURES TO REDUCE CHANGES OFOCCURENCE OF RISK ARE KNOWN AS

Answer 1

The measures to reduce chances of occurrence of risk are known as Loss prevention. The risk removed through risk pooling is knownas insurance. Loss preventionmeasures trim down thechance of incidence of risk. The Insurance provides peace of brains and helps the person to plan his or her business efficiently.

Answer 2

${\huge{\underline{\underline{\bf{\red{Question:-}}}}}}$

• THE MEASURES TO REDUCE CHANGES OFOCCURENCE OF RISK ARE KNOWN AS

${\huge{\underline{\underline{\bf{\red{Answer:-}}}}}}$

The measures to reduce chances of occurrence of risk are known as Loss prevention. The risk removed through risk pooling is known as insurance. The Insurance provides peace of brains and helps the person to plan his or her business efficiently.