n NISM Certifications
NSM General NISM
Medium

What term describes reducing the impact of a loss if it occurs?

Practice question from IC 38 Mock Test 14 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Loss reduction / Loss minimization

    Correct answer

  2. B

    Loss prevention

  3. C

    Risk retention

  4. D

    Risk reduction and control

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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