Bearing risk collectively is:
A) not very cost-efficient
B) more effective for larger groups
C) not reducing risk
D) only effective when all group members experience the same negative consequences simultaneously

Question

Quizplus · Accepted Answer

Bearing risk collectively can be more effective for larger groups because it spreads the risk across a greater number of individuals, making it more manageable for each person. Small groups may find it difficult to bear risk collectively because even a small loss can have a significant impact on the group as a whole.

Bearing Risk Collectively Is