When Assessing How Personal Risk Losses Can Be Financed, Which

question 15

Multiple Choice

When assessing how personal risk losses can be financed, which of the following alternatives are not possible in Australia?

• A) Meeting losses from personal financial resources.
• B) Transferring risks to a third party.
• C) Applying for assistance from the personal risk loss relief fund.
• D) None of the above.

---

Definitions:

Imposing Tariffs

The act of applying taxes on imported goods to protect domestic industries.

Domestic Employment

Jobs located within a country's borders, contributing to its economy by providing work for its residents.

Trade Tariffs

Taxes imposed by a government on imported goods to protect domestic industries and generate revenue.

Wage Rates

The standardized amount of compensation received by a worker per unit of time or per task performed.