What is the willingness to bear risk without insurance?
A) risk avoidance
B) risk assumption
C) risk reduction
D) risk transfer

Question

Quizplus · Accepted Answer

Willingness to bear risk without insurance refers to risk assumption. This means that an individual or business is willing to take on the financial consequences of a potential loss or damage without the assistance of an insurance policy. They understand the potential risks and are prepared to absorb any resulting expenses.

What Is the Willingness to Bear Risk Without Insurance