An individual can almost eliminate risk by taking a small share in many independent events or by taking advantage of the predictability associated with large numbers of independent events.This strategy is known as:
A)specializing.
B)floating.
C)pooling.
D)insuring.

Question

Quizplus · Accepted Answer

The mentioned strategy of taking a small share in many independent events or taking advantage of predictability associated with large numbers of independent events is known as pooling.

An Individual Can Almost Eliminate Risk by Taking a Small