The Purchase of Insurance Is a Common Form of _____

question 73

Multiple Choice

The purchase of insurance is a common form of _____ by the insured.

• A) loss prevention
• B) risk transfer
• C) risk assumption
• D) risk avoidance
• E) loss control

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Definitions:

Subordinate Performance

The work output or achievements of individuals who are in positions lower in the organizational hierarchy relative to their supervisors.

Inconsistent

Lacking coherence or uniformity in actions, values, or principles, leading to unpredictability and potential confusion.

Decision Processes

The cognitive and logical steps involved in making choices among alternatives to achieve a goal.

Rationality

The quality of being based on or in accordance with reason or logic.