Which of the following represents a strategy to reduce liabilities?

Enhancing workforce training programs represents a strategy to reduce liabilities because well-trained employees are typically more competent, efficient, and aware of company policies and safety protocols. This proactive approach can lead to fewer mistakes and accidents in the workplace, thereby lowering the likelihood of claims related to employee misconduct, injuries, or inefficiencies that could result in financial loss.

By investing in workforce training, organizations equip their employees with the necessary skills and knowledge to perform their jobs safely and effectively, which can directly impact operational liabilities. For instance, trained employees are more likely to adhere to safety standards, reducing the risk of workplace injuries and accidents that could result in liability claims against the organization.

In contrast, improving marketing strategies primarily focuses on increasing sales and revenue rather than directly impacting liabilities. Conducting regular financial audits, while important for financial health, primarily serves to ensure accuracy in reporting and detect fraud rather than to reduce operational liabilities. Implementing stricter hiring policies may help in selecting suitable candidates but does not necessarily encompass the broader scope of workforce competence and safety that training provides.