Exam (elaborations)
RIBO: ENTRY LEVEL 1 QUESTIONS WITH 100 % CORRECT ANSWERS | VERIFIED
- Course
- Institution
Risk - Answer-Chance of a loss Which type of risk is insured and why? - Answer-Pure risk, because speculative risk is comparable to gambling. 3 Ways risk (management) is dealt with? - Answer-REDUCE: preventative measures ASSUME/RETAIN: Self-insure TRANSFER: purchase insurance Which of the fol...
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