In the Case of an Insurance Policy,________ Occurs When the Existence

question 81

Multiple Choice

In the case of an insurance policy,________ occurs when the existence of insurance encourages the insured party to take risks that increase the likelihood of an insurance payoff.

• A) moral hazard
• B) opportunism
• C) adverse selection
• D) shirking

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Definitions:

Maintaining Sleep

The ability to stay asleep for an adequate duration to achieve restorative sleep without frequent awakenings or periods of wakefulness during the night.

Psychophysiological Disorders

Conditions in which psychological factors significantly affect physiological functioning, leading to physical symptoms or diseases.

Fictitious Disorders

Conditions that are deliberately produced or feigned by individuals for psychological or other personal gains, not to be confused with genuine illnesses.

Sociocultural Factors

Elements of society and culture that influence an individual's behaviors, beliefs, and attitudes.