Factors a Risk Manager Must Consider in Selecting an Insurer

question 16

Multiple Choice

Factors a risk manager must consider in selecting an insurer include which of the following?
I.The availability of risk management services
II.The financial strength of the insurer

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Social Capital

The web of connections between individuals who reside and are employed within a specific community, facilitating the efficient operation of that society.

Advance Agendas

Planned outlines or lists of items to be discussed or actions to be taken in a meeting, distributed in advance to participants.

Ethical Entrepreneurship

The pursuit of innovative business practices that prioritize ethical considerations, sustainability, and positive social impact.

Management Function

Activities performed by managers to plan, organize, lead, and control an organization's resources to achieve its goals.