Those Most Likely to Purchase Insurance Against a Negative Event

question 116

Multiple Choice

Those most likely to purchase insurance against a negative event are those

• A) least likely to encounter the negative event.
• B) who are conservative.
• C) most likely to encounter the negative event.
• D) who are poor.
• E) who have an average likelihood of encountering the negative event.

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Definitions:

Child

A young human being below the age of puberty or below the legal age of majority.

Painter

An artist who creates visual works primarily using paint as a medium on surfaces such as canvas, wood, walls, or paper.

Production Incentives

Rewards or benefits given to employees to motivate them to increase their output or efficiency in the production process.

Piecework

A payment method by which employees are paid a fixed rate for each unit produced or action performed, regardless of time.