Multiple Choice
Risk avoidance is the best risk management tool when the change of loss is ________ and the potential severity of loss is ________.
A) low, low
B) high, high
C) low, high
D) high, low
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q17: If an individual causes a loss intentionally,
Q18: The insurer's efficiency and underwriting practices are
Q19: Insurance increases moral hazard.
Q20: What are the main considerations in determining
Q21: Risk managers are concerned with policy limits
Q23: Which of the following are examples of
Q24: All of the following are true about
Q25: All of the following are examples of
Q26: Funded risk assumption:<br>A) is typically done through
Q27: Which of the following statements about risk-bearing