Some Businesses Will Set Aside Money to Cover Routine Losses

question 27

Multiple Choice

Some businesses will set aside money to cover routine losses and buy "catastrophe" policies to cover big losses. This is an example of which of the following?

• A) Avoiding the risk
• B) Self-insuring against the risk
• C) Reducing the risk
• D) A loss-prevention program

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Definitions:

Group

A collection of individuals who interact with one another, share similar characteristics, and collectively have a sense of unity.

Daniel Yankelovich

A prominent American public opinion analyst and social scientist known for his work in public opinion research and public policy.

Jobs

Refers to the roles or positions that individuals hold in an organization, involving specific responsibilities and tasks.

Impersonal

Lacking warmth or personality; not influenced by, showing, or involving personal feelings.