Multiple Choice
Match the descriptions with their terms:
-A sprinkler system that is installed in an office building would be an example of _________________.
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
Q26: Self-insurance differs from the establishment of a
Q27: Which of the following does not have
Q28: A non-insurance transfer of risk is<br>A) the
Q29: One example of risk avoidance is to
Q30: Loss control may take the form of
Q32: Which of the following statements is true?<br>A)
Q33: The three most commonly used methods of
Q34: When deciding whether to self-insure, a risk
Q35: Diversification across various businesses or geographic locations
Q36: Risk transfer is most likely ideal for