Sharing the financial consequences associated with risk in the insurance industry is sometimes called
A) risk pooling.
B) risk deferring.
C) risk migration.
D) risk splitting.
E) none of the above.
Answer: A
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Antique Works is owned and operated by a craftsman who makes replicas of historic firearms for museums, sportsmen, and collectors
The data are as follows: Sales price per unit $800 Variable cost per unit 470 Fixed costs per month 8,580 If Antique expects to sell 40 units per month, what is his margin of safety expressed in units per month? A) 14 units B) 40 units C) 66 units D) 12 units
Flighting as an advertising timing pattern is most useful when ________
A) purchase cycle is rather frequent B) substantial advertising budget is available C) items are seasonal D) tightly defined buyer categories exist E) there are expanding market situations