The Most Common Method of Dealing with Risk Is to Shift

question 58

True/False

The most common method of dealing with risk is to shift, or transfer it to an insurance company or some other organization.

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Definitions:

Less Developed Nations

Countries characterized by low levels of industrialization, economic activity, and human development indicators compared to more developed nations.

Congolese Church Groups

Religious communities or assemblies in the Congo, typically Christian, that play a role in the social and spiritual life of Congolese society.

Developed Nations

Countries with high levels of industrialization, a high standard of living, and advanced technological infrastructure relative to other less industrialized nations.

Federal Government

The national government of a federal country, in which powers are divided between a central authority and constituent political units.