Match the descriptions with their terms:
-A significant amount of retention could be characterized as _________________.
A) frequency reduction
B) hedging
C) hold-harmless agreement
D) loss control
E) risk avoidance
F) risk retention
G) risk transfer
H) self-insurance
I) separation
J) severity reduction
K) speculator
L) unplanned retention
Correct Answer:
Verified
Q14: The difference between the limited form and
Q15: Once a risk has been transferred through
Q16: Diversification across various businesses or geographic locations
Q17: Match the descriptions with their terms:
-A common
Q18: Match the descriptions with their terms:
-Efforts to
Q20: Match the descriptions with their terms:
-Risks that
Q21: Match the descriptions with their terms:
-_ describes
Q22: Match the descriptions with their terms:
-A sprinkler
Q23: Match the descriptions with their terms:
-The use
Q24: Match the descriptions with their terms:
-A manufacturer
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