When considering the feasibility and affordability of insuring small potential losses,which company program will impact this decision?
A)ACV
B)FICA
C)Self-insurance
D)Workers' compensation

Question

Quizplus · Accepted Answer

Self-insurance will impact the decision of whether or not to insure small potential losses, as it involves a company choosing to bear the risk and costs of potential losses themselves rather than paying premiums to an insurance company. This can be a cost-effective option for small losses, but requires financial stability and risk management expertise. The other options listed (ACV, FICA, and Workers' Compensation) are insurance programs that may be relevant for specific types of losses, but do not directly impact the decision of whether or not to insure small potential losses.

When Considering the Feasibility and Affordability of Insuring Small Potential