Which of the Following Is a Characteristic of Insurance

question 9

Multiple Choice

Which of the following is a characteristic of insurance?

• A)pooling of losses
• B)avoidance of risk
• C)payment of intentional losses
• D)certainty about specific losses that will occur

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Definitions:

Matrix Structure

An organizational structure that combines elements of both functional and project-based structures, allowing for employees to report to more than one manager.

Unity Of Command

A principle in management and military contexts that states every individual should receive orders from only one superior to avoid confusion and conflict.

Technical Emphases

The focus on technological aspects or expertise within a project, activity, or organization.

Coordination Methods

Techniques and practices used to align actions, resources, and goals among different individuals or groups.