Which of the Following Statements Regarding Insurance Is Correct

question 43

Multiple Choice

Which of the following statements regarding insurance is correct?

• A)Life insurance should be acquired when you are young when it is less expensive,even if you don't have any dependants.
• B)All individuals,regardless of age and current wealth will require some type of insurance.
• C)The risk of loss can be so devastating to your wealth that you cannot ever have too much insurance.
• D)Young people without any wealth of dependants have no need for insurance.

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Definitions:

Ethnocentrism

Refers to a tendency to regard one’s own culture and group as the standard, and thus superior, whereas all other groups are seen as inferior.

Italian Culture

The customs, traditions, arts, history, and social norms originating from or associated with Italy and its inhabitants.

Superior

A quality or state of being higher in rank, status, quality, or power compared to something else.

Cultural Imperialism

A form of oppression where the dominant group has made their beliefs and values the norms of a society.