All of the Following Statements About Risk Retention Are True

question 59

Multiple Choice

All of the following statements about risk retention are true EXCEPT

• A)It may be used intentionally if commercial insurance is unavailable.
• B)It may be used passively because of ignorance.
• C)Its use is most appropriate for low-frequency,high-severity types of risks.
• D)Its use results in cost savings if losses are less than the cost of insurance.

---

Definitions:

Hiring Manager

An individual within an organization responsible for the recruitment and selection of new employees.

Functional Style Résumé

A type of résumé format that focuses on skills and experiences rather than on chronological work history, typically used by individuals changing careers or with gaps in their employment history.

Job Title

A formal designation of a position within an organization that reflects the role and responsibilities of the occupant.

Cover Letter

A document sent with a job application explaining the applicant's credentials and interest in the open position.