The Phenomenon in Which an Insured Individual Takes Less Care

question 38

Multiple Choice

The phenomenon in which an insured individual takes less care in preventing the event against which he or she is insured is an example of

• A) foolish behavior.
• B) adverse selection.
• C) moral hazard.
• D) double coincidence of wants.
• E) nondiversifiable risk.

Comprehend the formation of geological features and the role of geological hazards in influencing human lives.

Understand the concept of cultural intelligence and its role in international management.

Grasp the significance of management's attitude toward international operations as posited by Howard Perlmutter.

Recognize the importance of cultural practices, such as business card exchanges in high-context cultures.