Marco,a Risk Manager in California,is Interviewing for a New Position

question 46

Multiple Choice

Marco,a risk manager in California,is interviewing for a new position in the state of Washington.When Marco asked about methods of providing workers compensation,the answer surprised him.In Washington,employers can self-insure the risk or obtain coverage through a state fund.Private insurers do not market workers compensation insurance in Washington.Washington uses a

• A)competitive state fund.
• B)guaranty fund.
• C)reinsurance facility.
• D)monopoly state fund.

---

Definitions:

Efficiency

The extent to which time, effort, or cost is well used for the intended task or purpose, often with the aim of minimizing waste.

Fatigue

A state of extreme tiredness resulting from mental or physical exertion or illness, affecting individuals' performance and wellbeing.

MDS

Multi-Dimensional Scaling, a statistical technique used for exploring similarities or differences in data, often applied in fields like psychology, marketing, and information science.

Talent

Refers to the natural abilities, skills, and expertise that individuals possess, which are valuable and necessary for organizational success and performance.