Risk Retention Is Not Appropriate When

question 34

Multiple Choice

Risk retention is not appropriate when

• A)the worst possible loss is small.
• B)the losses are highly predicable in both frequency and severity.
• C)the retention is due to inaction.
• D)(all of these)

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Definitions:

Commitment to Achieving

A strong dedication or determination to reach goals or fulfill objectives.

Good People Person

An individual who is skilled at understanding, communicating with, and relating to others in positive ways.

Resolve Conflict

The process of finding a peaceful solution to a disagreement among parties.

Team Performance

The collective efficiency and productivity of a group of individuals working together towards common objectives.