Exam (elaborations)
CPCU 551 - Chapter 1 questions with 100% correct answers.
- Course
- CPCU 551
- Institution
- Stanford University
Exposure avoidance abandons or avoids the loss situation, thus eliminating all possibility of loss Proactive avoidance occurs when a firm avoids ever incurring a particular loss exposure Abandonment occurs when a firm eliminates an existing loss exposure Loss prevention reduces l...
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