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An appropriate choice of a model for analyzing the best shipping routes for a supply chain consisting of a manufacturer, warehouse, and retailer would be the ________ model

Fill in the blank with correct word.

The primary difference between entering into a gamble and purchasing insurance is that

A) in a gamble the odds are known with certainty. B) with all types of insurance you are always financially better off, whereas, with gambles, you are always financially worse off. C) a gamble involves pure risk, whereas insurance involves speculative risk. D) gambling is in many circumstances illegal and insurance is legal.