When the Size of the Potential Loss Is Small, Most

question 10

Multiple Choice

When the size of the potential loss is small, most people will

• A)Insure because insurance costs less than the expected loss
• B)Self-insure because they can afford it and the expected loss < the insurance premium
• C)Self-insure because the expected loss can not be calculated
• D)Self-insure because insurance companies do not like to insure for small losses

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Definitions:

Authority Compliance Manager

A type of leader primarily focused on task completion and productivity, often at the expense of team or employee relationships.

Concerned With People

A focus or emphasis on the well-being, development, and engagement of individuals within an organization or group.

Blake And Mouton

Creators of the Managerial Grid Model, which focuses on leadership styles based on varying degrees of concern for people and production.

Behavioral Leadership Approach

A theory that focuses on identifying and learning effective leadership behaviors that result in desired outcomes, rather than innate traits or characteristics.