Which of the Following Types of Loss Exposures May Be

question 47

Multiple Choice

Which of the following types of loss exposures may be appropriately handled through the purchase of insurance?
I.High-frequency,low-severity
II.Low-frequency,high-severity

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

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Definitions:

Socially Responsible

Pertaining to individuals or organizations that act in ways beneficial to society, often by engaging in ethical, environmentally friendly, and community-focused activities.

Strategic Leadership

Leadership that involves setting vision, making decisions based on a broad, long-term perspective, and guiding an organization into the future.

Ethical Mind

The capability to recognize and deliberate upon moral values and principles, applying them in one’s decisions and actions.

Aspire

To have a strong desire, longing, or aim to achieve something, often something difficult or ambitious.