Multiple Choice
Match the descriptions with their terms:
-The use of insurance is a common form 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
Q1: Hedging is<br>A) insurance,<br>B) used for speculative risks,<br>C)
Q3: The following conditions are suggestive of the
Q4: Match the descriptions with their terms:<br>-One who
Q5: The greater the total debt/net worth ratio,
Q6: The difference between the limited form and
Q7: Hold-harmless agreements reduce the original risk for
Q8: A sprinkler system is a concurrent loss
Q9: Small businesses are more likely to use
Q10: Risk retention can be planned or unplanned.
Q11: A tool that generally is not used