Which of the Following Is an Example of Moral Hazard

question 86

Multiple Choice

Which of the following is an example of moral hazard?

• A)A college student drinking alcohol and partying instead of studying.
• B)A homeowner with fire insurance not clearing bush around their property.
• C)A chronically sick person using hospital services.
• D)A chronically sick person buying more health insurance than average.

Learn about techniques for product value assessment and prioritization.

Recognize the significance of electronic data interchange in product design and development.

Understand continuous improvement practices in the context of product design.

Know the phases of the product life cycle and their implications for product design.

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Definitions:

Home Pregnancy Tests

Over-the-counter tests that allow individuals to determine pregnancy status by detecting the presence of the hormone hCG in urine.

Pregnancy

The period during which a fertilized egg develops into a fetus inside a woman's uterus, typically lasting about 40 weeks from the last menstrual period to childbirth.

Biochemical Barrier

Natural or artificial barriers at the cellular or molecular level that prevent or control the passage of harmful substances, often part of innate immune defense.