All of the Following Are Burdens to Society Because of the Presence

question 51

Multiple Choice

All of the following are burdens to society because of the presence of risk EXCEPT

• A)The size of an emergency fund must be increased.
• B)Individuals may profit from accepting a speculative risk.
• C)Society is deprived of certain goods and services.
• D)Mental fear and worry are present.

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Definitions:

Intermediaries

Agents or businesses that act as a middleman in the distribution chain, moving products from producers to consumers.

Manufacturers' Agents

Independent sales agents who represent multiple manufacturers and their products without taking ownership of the goods.

Noncompetitive

Refers to a market situation where businesses face little to no competition, either due to monopolistic conditions or because they offer a unique product or service.

Complementary Merchandise

Products that are sold together or used jointly because they complement each other.