Explain the difference between loss prevention versus loss reduction
What will be an ideal response?
Loss prevention reduces the frequency with which losses occur. However, unless the frequency drops to zero, losses will occur and loss reduction techniques will reduce the severity of the losses.
You might also like to view...
On August 1 of the current year, Kyle Company borrowed $278,000 from the local bank. The loan was for 1 . months at 9 percent interest payable at the maturity date. The adjusting entry at the end of the fiscal year relating to this obligation would include a
a. debit to interest expense of $25,020. b. debit to interest expense of $10,425. c. credit to note payable of $10,425. d. debit to interest receivable of $10,425.
Take a newly launched product (you can use new television commercials as your source) and evaluate where it is placed on the Idea Classification Matrix.
What will be an ideal response?
Which of the following is correct about warranties under the Uniform Computer Information
Transactions Act (UCITA)? A) General disclaimers must be conspicuous. B) Licensors are not required to make express warranties concerning the quality of their software or information. C) The UCITA permits a licensor to disclaim all implied warranties by language that in common understanding calls the licensee's attention to the disclaimer and makes plain there are no implied warranties. D) A and B only E) A, B, and C
Which of the following is an international standard language for processing a database?
A. Relational LM B. SQL C. Cassandra D. DB2 E. MS Access