Examlex
Programmed and structured are the two classifications of management decisions.
Diversification
Diversification is an investment strategy that involves spreading investments among various financial assets to reduce exposure to risk.
Expected Gain
The predicted benefit or profit derived from an investment or decision, based on probability calculations.
Pooling Risks
The practice of spreading financial risk among a large number of contributors to reduce the risk to individuals.
Insurance Company
A financial institution that offers policies to individuals or entities, offering protection from financial losses in exchange for premiums.
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