Multiple Choice
The three most commonly used methods of loss control are:
A) risk retention, risk avoidance, and risk transfer,
B) self-insurance, diversification, and risk transfer,
C) frequency reduction, severity reduction, and diversification,
D) insurance transfers, frequency reduction, and severity reduction.
Correct Answer:
Verified
Correct Answer:
Verified
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
Q31: Match the descriptions with their terms:<br>-A sprinkler
Q32: Which of the following statements is true?<br>A)
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
Q37: A non-insurance transfer of risk is<br>A) avoiding
Q38: Match the descriptions with their terms:<br>-Efforts to