Which of the following statements about the loss control is not correct?
A) Loss control is also known as risk control.
B) Loss control can be classified into two categories, namely loss prevention and loss reduction.
C) A number of activities associated with loss control simultaneously reduce both loss frequency as well as severity.
D) Risk transfer is an example of loss control.
D
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An employee decides to steal cash from his/her employer. What would be the best way to conceal such a fraud?
a. Record the stolen cash as an expense. b. Writing down accounts payable for a supplier. c. Increasing accounts receivable from a customer. d. Writing down as dividend paid to shareholders.
When team members develop strategies and activities that promote goal achievement, the group is most likely in the Storming phase of team development
Indicate whether the statement is true or false
Which of the following is true of licenses?
A) A license grants the licensee complete control over intellectual property. B) An exclusive license is granted to only one licensee for a specific period. C) A licensee has complete control over the information he or she is allowed to access. D) A licensee has the right to use information rights beyond the licensor's control.
Short-range forecasts tends to ________ longer-range forecasts
A) be less accurate than B) be more accurate than C) have about the same level of accuracy as D) employ the same methodologies as E) deal with more comprehensive issues than