Multiple Choice
A non-insurance transfer of risk is
A) avoiding a dangerous manufacturing process by purchasing a part of a product made by a supplier,
B) a clause in a sales contract wherein the buyer assumes liability for damage done by the product,
C) the cancellation of an insurance policy,
D) self-insurance.
Correct Answer:
Verified
Correct Answer:
Verified
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
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
Q42: Match the descriptions with their terms:<br>-Installing a