Using the data in Table M2-1, determine the distance of stage 2 for the optimal route

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.

________ means accomplishing a set of goals in a way that uses the optimal level of resources while generating the optimal level of output

A) Effectiveness B) Resource allocation C) Trade-off D) Performance E) Utility