Author Question: Brenda identified all of the pure loss exposures her family faces. Then she analyzed these loss ... (Read 86 times)

WhattoUnderstand · **on:** Jul 11, 2018

Brenda identified all of the pure loss exposures her family faces. Then she analyzed these loss exposures, developed a plan to treat these risks, and implemented the plan. The process Brenda conducted is called

A) personal insurance programming.
B) personal estate planning.
C) personal financial planning.
D) personal risk management.

Question 2

Which of the following statements about a personal risk management program is (are) true?

I. Insurance and retention are the only techniques used to handle potential losses.
II. The steps in a personal risk management process are the same steps used by businesses.
A) I only
B) II only
C) both I and II
D) neither I nor II