An Insurance Company Would Not Be Willing to Insure a Risk

question 23

Multiple Choice

An insurance company would not be willing to insure a risk if it

• A) results from political disruptions.
• B) has a measurable loss.
• C) results from an accident.
• D) has a low probability of occurring.

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Definitions:

Mnemonics

Memory aids or techniques that employ vivid imagery and organizational strategies to enhance the recall of information.

Conditioning

A process of behavior modification by which a subject comes to associate a desired behavior with a previously unrelated stimulus.

Effortful Processing

A form of memory encoding that necessitates focus and deliberate effort, unlike automatic processing.

Encoding

Encoding is the initial process of converting information into a form that can be stored in memory, involving the transformation of sensory input into a meaningful memory.