By Holding Insurance a Person

question 48

Multiple Choice

By holding insurance a person

• A)reduces the risk of a bad outcome,such as their house burning down.
• B)shares risk and so reduces the burden of risk.
• C)Both A and B are correct.
• D)Neither A nor B are correct.

---

Definitions:

Functional Structure

A method of organizing a company where the business is divided into departments based on their functions, such as marketing, sales, and accounting.

Multinational Corporation

A large company that operates and invests in multiple countries outside of its home country.

Public Relations

The practice of managing and disseminating information from an individual or an organization to the public to influence their perception.

Divisional Structure

An organizational framework where operations are grouped based on divisions, which could be organized by product lines, geographical locations, or customer segments.