Risk Management Is the Transfer of Certain Risks from an Individual

question 52

True/False

Risk management is the transfer of certain risks from an individual to an insurance company.

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Definitions:

Lines Of Responsibility

The hierarchical structure within organizations that delineates who is responsible for what tasks.

Person-Role Conflict

A situation where an individual's personal values or beliefs are in conflict with the expectations or demands of their professional role.

Interrole Conflict

A psychological conflict that arises when the expectations of different roles assumed by an individual clash, creating stress and difficulty in fulfilling those roles satisfactorily.

Intrarole Conflict

A situation where conflicting demands are placed on an individual within the same role, leading to stress or difficulty in performance.