A Formal Program of Risk Retention for an Individual That

question 2

Multiple Choice

A formal program of risk retention for an individual that takes on the insurance company's role in order to cover the individual's risk is:

• A)Adverse selection.
• B)Formal fund.
• C)Risk transfer.
• D)Self-insurance.

Understand Marx's approach to resolving contradictions in society versus abstract philosophy.

Evaluate the applicability of Marx's theories in a postindustrial society context.

Describe Marx's definitions of social class, capital, and the concepts of class-in-itself and use value.

Identify key figures in sociology and their primary contributions.

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Definitions:

Biogenic Needs

Fundamental human needs, such as food, water, and shelter, that are innate and necessary for survival.

Drive Theories

Theories in psychology that explain motivation as being driven by the need to fulfill basic biological needs.

Psychogenic Needs

are psychological desires or motivations that drive individual behaviors, often subconscious in nature.

Expectancy Theories

A group of theories that explain how people determine the likelihood of a specific outcome based on their actions, beliefs about their abilities, and the perceived likelihood of achieving their goal.