The Strategy of Reducing or Eliminating Risks by Taking a Small

question 90

Multiple Choice

The strategy of reducing or eliminating risks by taking a small share in many independent events or by taking advantage of the predictability associated with large numbers of independent events is known as:

• A)floating.
• B)specializing.
• C)pooling.
• D)screening.

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Definitions:

Attribution Theory

A theory that describes how individuals explain causes of behaviors and events, attributing them either to internal dispositions or external situations.

Indirect

A manner of communication in which messages are not expressed plainly or directly, requiring interpretation of context or underlying meaning.

Direct

A straightforward and honest way of communicating that conveys messages clearly and without ambiguity.

Subjective

Based on or influenced by personal feelings, tastes, or opinions, rather than external facts.