Insurance is not a good option for managing risk when
A) the probability of loss is very small and the expected loss is small.
B) the benefits outweigh the costs.
C) you want to protect your existing and future net worth.
D) there is a likelihood that an event will cause a large financial loss.
Correct Answer:
Verified
Q2: The decision to obtain insurance should be
Q3: _ is not a suggested risk management
Q4: The primary function of insurance is to
A)
Q5: The most popular forms of insurance for
Q6: In general, insurance companies generate their revenue
Q8: Insurance can protect your existing net worth
Q9: Which risk management alternative is feasible when
Q10: In the context of insurance, the term
Q11: The first step in the risk management
Q12: Having a large deductible on your auto
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