Mr.VanDelinder buys a $50,000 car. Rather than buying insurance on the car,he sets aside $30,000 in a savings account to cover possible losses due to any accident. He is:
A) self insuring
B) eliminating risk through the use of a contingency fund
C) assuming risk
D) decreasing his risk of physical loss
Correct Answer:
Verified
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Q9: All of the following are ways of
Q11: A captive insurance company:
A)only provides loss control
Q13: Installing a burglar alarm is an example
Q15: Assume you own a house in rural
Q16: Risk assumption is the best risk management
Q17: Which of the following would not normally
Q29: The most difficult and important step in
Q34: Loss prevention and control:
A) eliminate risk
B) are
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