When Deciding Whether or Not to Purchase Insurance for an Event

question 119

Multiple Choice

When deciding whether or not to purchase insurance for an event, it is important to know:

• A)how likely it is that the event will occur.
• B)how easily you can reduce the risk of experiencing the event.
• C)when the event is most likely to occur.
• D)how many others will likely be affected by the event.

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Definitions:

Being Needs

Fundamental aspects of human motivation related to growth, fulfillment, and realization of one’s potential, beyond just survival needs.

Deficit Needs

Refer to the basic requirements that humans must meet to live and function, such as safety, love, and esteem, originating from Maslow's hierarchy of needs.

Psychoanalysis

A therapeutic approach and theory of psychology developed by Sigmund Freud, focusing on unconscious processes influencing behavior.

Humanistic Psychologists

Psychologists who focus on individual potential for growth and the role of unique perceptions in growth, advocating for a more person-centered approach.