The installation of heat or smoke activated sprinkler systems that are designed to minimize fire damage in the outbreak of a fire is an example of ______________.

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The installation of heat or smoke activated sprinkler systems that are designed to minimize fire damage in the outbreak of a fire is an example of ______________.

 Options:

 

A. Loss prevention
B. Loss reduction
C. Hedging
D. Insurance

 

The Correct Answer Is:

  • B. Loss reduction

Conclusion

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