______Is the Planning That Is Undertaken to Reduce the Risk

question 40

Multiple Choice

______is the planning that is undertaken to reduce the risk of loss from known and unknown events. In the context of insurance, it involves transferring certain risks from the insured to the insurance company.

• A) Allocation of risk
• B) Risk classification
• C) Risk management
• D) Pooling of risk

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Definitions:

Hearing Impairment

A condition that affects an individual's ability to hear sounds in the usual range.

Auditory Nerve

The nerve that carries sound signals from the inner ear to the brain, enabling hearing.

Crystalline Lens

The transparent, flexible structure behind the iris of the eye that helps to focus light on the retina, allowing for clear vision.

Cataract

A medical condition where the lens of the eye becomes progressively opaque, resulting in blurred vision.