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

Question

Quizplus · Accepted Answer

Self-insurance is a company program that allows a business to set money aside to handle smaller potential losses rather than paying for an insurance policy. This can be a feasible and cost-effective option for small potential losses. The other program choices (ACV, FICA, and workers' compensation) do not directly impact the decision to insure small potential losses.

When Considering the Feasibility and Affordability of Insuring Small Potential