The Foundational Principle That Makes Insurance Companies Work Is Called

question 69

Multiple Choice

The foundational principle that makes insurance companies work is called:

• A) risk pooling.
• B) risk assignment.
• C) catastrophic causation.
• D) risk analysis.

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Definitions:

External Recruiting

The process of seeking and attracting candidates from outside the organization to fill open positions, often involving advertising, job fairs, or using recruitment agencies.

Employee Referrals

A recruitment strategy where existing employees recommend potential candidates for open positions within the organization.

Organizational Culture

The set of shared values, beliefs, standards, and behaviors that characterize the members of an organization and define its nature.

Compensation Costs

The total amount of expenses incurred by an employer to pay its employees, including wages, benefits, and taxes.