Low-Frequency,low-Severity Loss Exposures Are Best Handled by

question 38

Multiple Choice

Low-frequency,low-severity loss exposures are best handled by

• A)avoidance.
• B)retention.
• C)insurance.
• D)noninsurance transfer.

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Definitions:

National Football League

A professional American football league consisting of 32 teams, divided equally between the National Football Conference (NFC) and the American Football Conference (AFC).

Mean Number

The average of a set of numbers, calculated by dividing the sum of all values by the count of values.

Home Runs

In baseball, a hit by a batter that allows them to circle all the bases, reaching home safely in one play, usually by hitting the ball over the outfield fence.

American League

One of two leagues making up Major League Baseball (MLB) in the United States and Canada, featuring teams such as the New York Yankees and Boston Red Sox.