Multiple Choice
Match the descriptions with their terms:
-A significant amount of retention could be characterized as _________________.
A) frequency reduction
B) hedging
C) hold-harmless agreement
D) loss control
E) risk avoidance
F) risk retention
G) risk transfer
H) self-insurance
I) separation
J) severity reduction
K) speculator
L) unplanned retention
Correct Answer:

Verified
Correct Answer:
Verified
Q15: Match the descriptions with their terms:<br>-The use
Q16: When an entity avoids a risk<br>A) the
Q17: Which of the following is not an
Q18: Risk retention means the voluntary assumption of
Q19: Match the descriptions with their terms:<br>-Risks that
Q21: Once a risk has been transferred through
Q22: Match the descriptions with their terms:<br>-_ describes
Q23: Match the descriptions with their terms:<br>-Distributing inventory
Q24: Match the descriptions with their terms:<br>-A manufacturer
Q25: Match the descriptions with their terms:<br>-A common