Author Question: Purchasing health insurance illustrates the use of which personal risk management technique? A) ... (Read 121 times)

B

  • Hero Member
  • *****
  • Posts: 570
Purchasing health insurance illustrates the use of which personal risk management technique?
 
  A) avoidance
  B) risk transfer
  C) risk control
  D) risk retention

Question 2

Which of the following is least likely to occur during a hard insurance market period?
 
  A) difficulty in obtaining insurance
  B) tightening underwriting standards
  C) higher insurer profits
  D) increasing premiums



mbcrismon

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

Answer: B

Answer to Question 2

Answer: C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

For a complete list of videos, visit our video library