Wayne and Sarah Are Trying to Manage the Risk They

question 168

Multiple Choice

Wayne and Sarah are trying to manage the risk they face in life a best as they can. They are following Principle 7 which states:

• A) The best protection is knowledge.
• B) Protect yourself against major catastrophes.
• C) Nothing happens without a plan.
• D) Diversification reduces risk.
• E) The best insurance is prevention.

---

Definitions:

Common Sense

Practical judgement concerning everyday matters, or a basic ability to perceive, understand, and judge things shared by nearly all people.

Learned System

A body of knowledge or behaviors acquired through experience or education rather than being instinctual.

Beliefs

Convictions or acceptances that something exists or is true, especially without proof.

Norms

Societal or group-established standards of behavior.