Insurance Is Not a Good Option for Managing Risk When

question 93

Multiple Choice

Insurance is not a good option for managing risk when

• A)the probability of loss is very small.
• B)the benefits outweigh the costs.
• C)you want to protect your existing and future net worth.
• D)there is a likelihood that an event will cause a large financial loss.

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Definitions:

Professional Associations

Organizations comprised of individuals from the same profession aimed at promoting and supporting the interests of its members.

Medical Activities

Tasks and procedures performed by healthcare professionals aimed at diagnosing, treating, and preventing diseases.

Reference

A source of information, such as a book, article, or person, that provides clarification, information, or citation pertaining to a specific subject.

Business Letter

A formal document used in professional communication that follows specific formats to convey messages between companies, clients, and other external parties.