Which of the Following Is Correct

question 53

Multiple Choice

Which of the following is correct?

• A) The best risk management plan is constant through one's life.
• B) Once a plan is set up, it should be reviewed every 10 years.
• C) A solid risk management plan works well without insurance as a component.
• D) One question that should be asked when developing a risk management plan is "What do I need to insure?"
• E) The main goal of insurance should be to maximize personal, property, and liability risks.

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Definitions:

Time-lagged

Referring to studies or analyses that consider the delay between the occurrence of one event and the observation of its effects.

Cross-sectional

In research, it describes a study that observes a diverse population at a single point in time to identify potential correlations or trends.

Longitudinal

Describing research or studies that collect data from the same subjects repeatedly over a period of time.

Personality

The combination of characteristics or qualities that form an individual's distinct character.