Which of the Following Types of Risks Best Meets the Requirements

question 46

Multiple Choice

Which of the following types of risks best meets the requirements for being insurable by private insurers?

• A)most market risks
• B)property risks
• C)financial risks
• D)political risks

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Definitions:

Unilateral Action

An action or decision made by one party or nation without the agreement or cooperation of others.

Shared Power Strategy

An approach in decision-making or governance where power and responsibilities are distributed among various stakeholders or groups, rather than centralized.

Reward Power

The authority or influence one possesses due to their ability to give rewards to others for compliance or desirable behaviors.

Socio-Cultural Norms

The shared expectations and rules that guide behavior of people within social groups, which are influenced by cultural and societal values.