To Finance Some Uninsurable Exposures,risk Managers Go to the "ART

question 19

Multiple Choice

To finance some uninsurable exposures,risk managers go to the "ART" market. What does ART stand for?

• A)alternative risk management team
• B)alternative risk transfer
• C)actuarial risk transfer
• D)actuarial risk types

---

Definitions:

Subculture

A group within a population whose values, norms, folkways, or mores set them apart from the mainstream culture.

Symbols

Objects, signals, or marks that stand for or represent something else, often carrying particular meanings within a cultural context.

Cultural Universals

Elements, patterns, traits, or institutions that are common to all human cultures worldwide.

Functionalist Perspective

A viewpoint within sociology that emphasizes the role that each part of society plays in maintaining the stability and functioning of the whole.