New Dimensions Athletic Association Was Formed to Administer Youth Soccer

question 12

Multiple Choice

New Dimensions Athletic Association was formed to administer youth soccer leagues and tournaments in a popular urban area. All board members recently resigned stating that they could no longer assume the risk of participating on a board that did not insure its volunteer members against serious player injuries and other unanticipated problems. Collectively, these members are

• A) self-insuring against risk.
• B) avoiding risk.
• C) participating in risk reduction.
• D) filing a grievance against the association.

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Definitions:

Net Investment

The difference between total investment in new physical assets and depreciation on existing assets, indicating the net increase in the capital stock of an economy.

Economy

A system of production, distribution, and consumption of goods and services within a region or country.

Gross Domestic Product (GDP)

The aggregate value, measured in terms of money or market worth, of every finished product and service generated within a country's borders over a certain time span.

Common Stock

A type of security that signifies ownership in a corporation and represents a claim on part of the corporation's profits.