Which of the following statements about bearing risk collectively is correct?
A) Bearing risk collectively is not very cost-efficient.
B) Bearing risk collectively only works for small groups.
C) Bearing risk collectively is bearing risk as part of a large group.
D) All of the above are correct.

Question

Quizplus · Accepted Answer

Bearing risk collectively means sharing the risk among a larger group, which is cost-efficient and can work for small or large groups. Option A is incorrect as bearing risk collectively can be cost-efficient. Option B is incorrect as it can work for small and large groups. Therefore, option C is the correct answer.

Which of the Following Statements About Bearing Risk Collectively Is