Rugman and D'Cruz have developed an alternative framework to Porter's five forces model. The framework, based on business networks, is called:

________ is an intrinsic reward that occurs when a duty or task is performed

Fill in the blanks with correct word

Adverse selection occurs

A) when an insurance company loses money on its investments. B) when insurance purchasers buy insurance but do not have a loss. C) when catastrophic losses occur as a result of a natural disaster. D) when applicants with a higher-than-average chance of loss seek insurance at standard rates.