Which of the Following Statements Regarding Risk Avoidance Is True

question 28

Multiple Choice

Which of the following statements regarding risk avoidance is true?

• A) Risk avoidance is any activity that helps evade an act that creates a risk.
• B) Risk avoidance is any activity that increases the chance that a loss will occur.
• C) Risk avoidance is any activity that lessens the severity of loss once it occurs.
• D) Risk avoidance is an act that reduces the probability that a loss will occur.
• E) Risk avoidance is an effective way to handle many types of potentially small exposures to loss when insurance would be too expensive.

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Definitions:

Passionate Feelings

Intense emotions or strong feelings of enthusiasm or desire, often associated with love or other deep attachments.

Mere Exposure Effect

A psychological phenomenon where people tend to develop a preference for things simply because they are familiar with them.

Passionate Love

An aroused state of intense positive absorption in another, usually present at the beginning of a romantic relationship.

Swaying Footbridge

This refers to a bridge that moves or oscillates due to the wind, movement of people, or structural flexibility, affecting its stability and the comfort of users.