Which of the Following Types of Loss Exposures May Be

question 28

Multiple Choice

Which of the following types of loss exposures may be appropriately handled through the purchase of insurance?
I.High-frequency,low-severity loss exposures
II.Low-frequency,high-severity loss exposures

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Cultures

the shared values, traditions, norms, customs, arts, history, and institutions of a group of people.

Routine Decisions

Decisions that are made regularly and are often automated or based on established guidelines or procedures.

Organizational Politics

The use of power and social networking within an organization to achieve changes that benefit the individual or group, often at the expense of others.

Inoculation Effect

The inoculation effect is a social psychological and communication theory that explains how an initial exposure to a weakened form of an argument makes individuals more resistant to later attempts to change their attitudes or beliefs.