Vickie owns a small grocery store. She knows that inexpensive items, such as gum and candy, are often stolen, so she anticipates the cost into her budget. For Vickie, the risk of shoplifting is considered
A) low frequency and low severity.
B) low frequency but high severity.
C) high frequency but low severity.
D) high frequency and high severity.
Correct Answer:
Verified
Q20: A person abstaining from smoking is practicing
Q21: The most common method of transferring risk
Q22: When you purchase homeowner's insurance, you are
A)
Q23: Self-insurance is another name for
A) risk retention.
B)
Q24: What is the equation for estimating expected,
Q26: All of the following are loss reduction
Q27: _is the risk of being held legally
Q28: Risk pooling is based on the
A) law
Q29: The price an insurer charges a policyholder
Q30: Which is a characteristic of property risk
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