________ Is the Transfer and Distribution of Risk

question 29

Multiple Choice

________ is the transfer and distribution of risk.

• A) Property management
• B) Distributive lost
• C) Insurance benefit
• D) Risk management
• E) Casualty management

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Definitions:

MU/P Ratio

The Marginal Utility to Price ratio, used in economic analysis to evaluate the satisfaction received from consuming an additional unit of a good relative to its cost.

Marginal Utility

The additional satisfaction or benefit received from consuming one more unit of a good or service.

Total Utility

The complete satisfaction received from consuming a particular quantity of goods or services.