Traditional Risk Management Is Primarily Concerned With

question 12

Multiple Choice

Traditional risk management is primarily concerned with:

• A)speculative risks
• B)insurance contracts
• C)pure risks
• D)subjective risks

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Definitions:

Extinction

In psychology, the gradual weakening and disappearance of a conditioned response when the conditioned stimulus is no longer paired with the unconditioned stimulus.

Spontaneous Recovery

The reappearance of a previously extinguished conditioned response after a pause, without new learning trials.

Higher-Order Conditioning

A process in classical conditioning by which a stimulus that was previously neutral is paired with a conditioned stimulus to produce the same conditioned response as the original conditioned stimulus.

Extinction

In biology, the end of an organism or of a group of organisms, normally a species; in psychology, the process through which a conditioned response is eliminated through repeated exposure without reinforcement.