Which of the Following Statements Is NOT Correct

question 35

Multiple Choice

Which of the following statements is NOT correct?

• A)Insurance provides a payment to the insured under conditions specified by the insurance policy contract.
• B)Individuals who are less exposed to specific conditions that cause financial damage are more likely to purchase insurance against those conditions.
• C)Insurance can cause the insured to take more risks because they are protected.
• D)Insurance companies employ underwriters to calculate the risk of specific insurance policies.

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Definitions:

Employee Strikes

A work stoppage initiated by employees who refuse to work as a form of protest against policies, conditions, or practices they find unacceptable.

Item-by-item Arbitration

A method of arbitration where each issue in a disagreement is resolved individually, rather than addressing all issues in a single comprehensive decision.

Final Offer

In negotiations, the last proposal made by one party, after which no further negotiations are intended, usually seen in labor disputes or sales.

Permanent Strike Replacements

Workers hired to replace union members permanently during a strike, a controversial practice that can undermine union power.