Larry Foster Has Bought a Car with Front and Side

question 75

Multiple Choice

Larry Foster has bought a car with front and side airbags and antilock brakes. How is Larry managing his risk?

• A) Avoidance
• B) Reduction
• C) Assumption
• D) Shifting
• E) Development

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Definitions:

Government Advantages

These are the benefits that accrue to society from effective governance, including stability, security, and public services.

Government Disadvantages

Potential negative consequences associated with the role and functioning of government, including inefficiency, bureaucratic delays, and the risk of corruption.

Categorical Grants

Grants issued by the United States Congress which may be spent only for narrowly defined purposes and are often accompanied by strict compliance requirements.

Block Grants

Financial aid from a central government to local or state governments for general governmental functions with minimal restrictions on usage.