Which of the Following Statements About Bearing Risk Collectively Is

question 44

Multiple Choice

Which of the following statements about bearing risk collectively is correct?

• A) Bearing risk collectively is not very cost-efficient.
• B) Bearing risk collectively only works for small groups.
• C) Bearing risk collectively is bearing risk as part of a large group.
• D) All of the above are correct.

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Definitions:

Loan Agreement

A contract between a borrower and lender, specifying the loan's terms, repayment schedule, and interest rate.

Statute of Frauds

A legal concept that requires certain types of contracts to be in writing and signed by all parties involved to be enforceable.

General Manager

An executive responsible for overseeing the daily operations and overall management of a business or organization.

Statute of Frauds

A legal principle that requires certain types of contracts, including those for the sale of land or goods over a certain value, to be in writing to be enforceable.