Tashkent institute of finance department «state finance» presentation on the discipline “Finance” on the Theme

2. Loss prevention and control

• Loss prevention and control is reduced to actions taken to reduce the likelihood of losses and to minimize their consequences.
• Such action may be taken before the damage has been caused, during the damage and after it has occurred.
• For example, you can reduce the risk of the disease if you eat well, sleep enough, do not smoke, and stay away from those who are already sick with the flu. If you still “caught” a cold, you can switch to bed rest and thereby minimize the likelihood that your malaise will turn into pneumonia.