All of the Following Are Requirements of Risk That Are

question 63

Multiple Choice

All of the following are requirements of risk that are perfectly suited for insurance.Identify the requirement that influences the consumer demand for insurance.

• A)The cost of coverage is economically feasible.
• B)The probability distribution of losses can be determined.
• C)A catastrophe cannot occur.
• D)The losses that occur are accidental.
• E)Losses are definite.

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Definitions:

Preconscious

Part of the mind that contains information not currently in consciousness but can be readily brought to consciousness when necessary.

Subconscious

Refers to the part of the mind that is not currently in focal awareness but influences thoughts, feelings, and behaviors.

Unconscious

The part of the mind that is inaccessible to the conscious mind but that affects behavior and emotions.

Preconscious

Mental content that is not currently in awareness but can be readily brought into awareness through attention or stimuli.