Which of the Following Is Not Consistent with the Three

question 12

Multiple Choice

Which of the following is not consistent with the three basic rules of risk management?

• A) Transfer high probability/ low loss exposures
• B) Transfer low probability/ high loss exposures
• C) Transfer lows that could be devastating
• D) Consider the cost of the policy versus the benefit of the coverage before making the decision of whether or not to retain, reduce, or transfer risk

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Definitions:

Deficit Needs

Described by Maslow, these are basic needs that must be met before an individual can focus on higher-level psychological needs.

Clinical Patients

Individuals who are receiving or have received treatment and care for psychological or physical health conditions.

Behaviorism

A school of psychology that focuses on observable behaviors as the subject matter and disregards internal processes like thinking.

Belongingness Needs

A fundamental human need to form and maintain strong, stable interpersonal relationships.