_____ refers to setting aside funds to meet losses that are uncertain in size and frequency.
A) Risk avoidance
B) Risk prevention
C) Risk transfer
D) Risk assumption
Correct Answer:
Verified
Q3: Businesses use self-insurance primarily for _.
A) risk
Q4: Most property insurance contracts have a coinsurance
Q5: Insurance is an example of _.
A) risk
Q6: Coinsurance is usually used in which of
Q7: Which of the following defines speculative risk?
A)
Q9: Which of the following defines risk avoidance?
A)
Q10: _ refers to shifting a risk to
Q11: Which of the following is covered by
Q12: _is the uncertainty that some unpredictable event
Q13: _ refers to using various methods to
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