A Construct Is

question 65

Multiple Choice

A construct is

• A) unobservable.
• B) something that describes behavior.
• C) something that is assumed to exist.
• D) All of these

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Definitions:

Insurance Company

A business entity that provides financial protection and risk management to individuals and organizations against potential losses in exchange for premium payments.

Low Risk

Describes investments or activities with a low probability of loss or failure.

Co-Payments

A fixed fee that a patient pays for healthcare services, in addition to what is covered by insurance, often used to share the cost of care.

Signaling Mechanism

refers to actions or elements that convey information about a product or entity to influence decisions, such as quality indicators, brand reputation, or certifications.