A non-insurance transfer of risk is
A) avoiding a dangerous manufacturing process by purchasing a part of a product made by a supplier,
B) a clause in a sales contract wherein the buyer assumes liability for damage done by the product,
C) the cancellation of an insurance policy,
D) self-insurance.
Correct Answer:
Verified
Q32: The three most commonly used methods of
Q33: Self-insurance differs from the establishment of a
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Q35: Hedging is
A) insurance,
B) used for speculative risks,
C)
Q36: Risk transfer is most likely ideal for
Q37: A non-insurance transfer of risk is
A) the
Q38: A tool that generally is not used
Q40: Which of the following does not have
Q41: Which of the following is not a
Q42: Which of the following is not an
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