Which Is Not a Management Practice for Reducing the Problems

question 57

Multiple Choice

Which is not a management practice for reducing the problems of adverse selection and moral hazard in insurance?

• A)deductibles
• B)restrictive provisions
• C)coinsurance
• D)reinsurance

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Definitions:

Coal Mining Towns

Communities that develop around coal mines, where mining for coal is the primary industry supporting the local economy and population.

Company "Scrip"

A type of currency issued by a company to its employees or contractors, typically redeemable only at company-owned stores or facilities, leading to worker dependence.

Free Healthcare

A healthcare system where medical services are provided to individuals at no direct cost, often funded through taxation or governmental organizations.

Farmer's Alliance

A late 19th-century movement in the United States aimed at improving the economic conditions for farmers through cooperative actions and political advocacy.