Which of the following is a motive for using insurance to manage risk?
A) Premiums, no matter how high, are consistent and easy to budget.
B) The firm intends to make money from the insurance company if a specified loss happens.
C) The firm does not want to be concerned with small, inconsequential losses and chooses to have the insurance company handle them.
D) Insurance can provide protection against events that can cause financial distress.

Question

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The Answer of Which of the following is a motive for using insurance to manage risk?
A) Premiums, no matter how high, are consistent and easy to budget.
B) The firm intends to make money from the insurance company if a specified loss happens.
C) The firm does not want to be concerned with small, inconsequential losses and chooses to have the insurance company handle them.
D) Insurance can provide protection against events that can cause financial distress.

Which of the Following Is a Motive for Using Insurance