INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 115

Multiple Choice

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-An activity that reduces the chance that a loss will occur is [risk shifting | loss prevention].

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

---

Definitions:

Predatory Pricing

The practice in which a company prices one product below normal cost until competitors are eliminated and then it sharply increases the price.

Spirit Airlines

A low-cost carrier in the United States known for offering budget-friendly air travel options.

Northwest Airlines

A major airline based in the United States that operated until it merged with Delta Airlines in 2010.

Per Se Violations

In law, actions or situations that are inherently illegal and do not require further proof of illegality or intent to enforce penalties.