Match the Term with Its Definition

question 64

Multiple Choice

Match the term with its definition.
-Financing loss intentionally, through a firm's cash flows

• A)personal property
• B)proximate cause
• C)real property
• D)risk control
• E)risk financing
• F)risk management
• G)risk retention
• H)risk transfer
• I)self-insurance
• J)torts

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Definitions:

Irrationality of Rationality

A concept suggesting that rational systems or practices can lead to outcomes that are irrational or harmful to societal well-being.

Unintended Consequences

Outcomes that are not foreseen or intended by a purposeful action, which can be positive, negative, or inconsequential.

Cultural Hybridization

The process by which cultures interact, blend, and create new cultural forms, leading to a mixture of cultural expressions and practices.

Glocalization

The adaptation of international products, ideas, and cultural practices to fit local markets and sensibilities, blending global and local influences.