In Determining Insurance Limits and Deductibles,an Important Concept Is That

question 21

Multiple Choice

In determining insurance limits and deductibles,an important concept is that insurance should be used to pay big losses rather than small losses.The objective is to insure big losses that could cause financial ruin and to exclude small losses that can be budgeted out of current income.This concept is called the

• A)law of large numbers.
• B)efficient loss-cost concept.
• C)large-loss principle.
• D)retention-transfer tradeoff.

Grasp the impact of physical activities on development and behavior.

Acknowledge the role of genetics and environment on motor skills and activity levels.

Understand the influence of cultural and familial factors on children's play behavior.

Understand the distinction between fine and gross motor skills.

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Definitions:

Carl Jung

A Swiss psychiatrist and psychoanalyst who founded analytical psychology, emphasizing the importance of the individual psyche and the personal quest for wholeness.

Carl Rogers

An influential American psychologist who founded client-centered therapy and emphasized the importance of the self and unconditional positive regard.

Trait Theories

Psychological perspectives that focus on identifying, describing, and measuring individual differences in personality through traits.

Primary Appraisals

The initial evaluation process in stress theory, determining whether an event is threatening, challenging, or harmless.