If Insurance Did Not Exist in the United States,which of the Following

question 66

Multiple Choice

If insurance did not exist in the United States,which of the following might reasonably be expected to happen?

• A)Banks would lower their interest rates on home mortgages and auto loans
• B)Moral hazards would decrease
• C)Morale hazards would decrease
• D)In general, only large businesses would be able to survive

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Definitions:

Pull System

A method of production control where downstream activities signal their needs to upstream activities, promoting just-in-time production and minimizing inventories.

Production Management

The process of planning, organizing, leading, and controlling the production of goods and services, focusing on efficient and effective production methods.

Final Customer

The end-user or consumer who purchases a product or service for their own use, as opposed to purchasing for resale or manufacturing purposes.

Non-financial Measures

Performance indicators not expressed in monetary units but qualitatively, such as customer satisfaction or employee engagement.