Multiple Choice
Risk transfer is most likely ideal for a risk with
A) a high degree of diversification and a low potential severity,
B) a high expected frequency and a low potential severity,
C) a high expected frequency and a high potential severity,
D) a low expected frequency and a high potential severity.
Correct Answer:
Verified
Correct Answer:
Verified
Q31: Match the descriptions with their terms:<br>-A sprinkler
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
Q37: A non-insurance transfer of risk is<br>A) avoiding
Q38: Match the descriptions with their terms:<br>-Efforts to
Q39: Credit is a major source of funds
Q40: Risk avoidance is a conscious decision not
Q41: Heinrich's domino theory suggests that the absence