The Market for Insurance Is One Example of Reducing Risk

question 73

True/False

The market for insurance is one example of reducing risk by using diversification.

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Definitions:

Storage Devices

Hardware used to store and retrieve digital information, such as hard drives, SSDs, USB drives, and memory cards.

Gigabyte

Approximately 1 billion bytes of information (exactly 1,073,741,824 bytes); abbreviated GB.

Megabyte

Approximately 1 million bytes of data (exactly 1,048,576 bytes). Abbreviated MB.

Antistatic Wrist Strap

A strap that connects a technician to a computer that equalizes the voltage potential between the two to prevent electrostatic discharge (ESD).