All of the Following Statements About Avoidance Are True EXCEPT

question 33

Multiple Choice

All of the following statements about avoidance are true EXCEPT

• A)Certain loss exposures are never acquired.
• B)Certain loss exposures may be abandoned.
• C)The chance of loss for certain loss exposures may be reduced to zero.
• D)It can be used for any loss exposure facing a firm.

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Definitions:

Adaptation

The process of adjusting to new conditions or environments.

Managerial Assignment

Tasks or responsibilities assigned to managers or supervisory positions within an organization.

Balance Sheet Approach

A method in international human resource management that aims to equalize the purchasing power of employees working abroad to that of employees in the home country.

Expatriate Compensation

The package of salary, benefits, allowances, and incentives offered to employees who are sent to work in a foreign country by their employer.