Which of the Following Is a Basic Characteristic of Insurance

question 24

Multiple Choice

Which of the following is a basic characteristic of insurance?

• A)pooling of losses
• B)avoidance of risk
• C)payment of intentional losses
• D)certainty about specific losses that will occur

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Definitions:

Meta-analytic Studies

Statistical analyses that combine data from multiple studies to derive conclusions about a research question, providing a more comprehensive understanding of findings across different settings.

Panic Disorder

A psychiatric disorder characterized by unexpected and repeated episodes of intense fear accompanied by physical symptoms such as chest pain, heart palpitations, or dizziness.

Agoraphobia

Refers to the fear of being in situations where escape might be difficult or that help wouldn't be available if things go wrong.

Behavioral Treatments

Therapeutic interventions designed to modify harmful or undesired behaviors using principles of learning, such as reinforcement and punishment.