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Chapter 5 Risk management & Insurance

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  • 1. Multiple Choice
    20 seconds
    1 pt

    Participating in insurance is BEST considered an example of risk __________ .

    Mitigation

    Transfer

    Acceptance

    Avoidance

  • 2. Multiple Choice
    30 seconds
    1 pt

    You are in a car accident in which you are at fault. The other person requires medical treatment and car repairs as a result. What type of insurance do you need?

    Auto insurance (with liability included)

    long term care insurance

    health insurance

    emergency insurance

  • 3. Multiple Choice
    30 seconds
    1 pt

    The technique of assessing, minimizing, and preventing

    accidental loss to a business, as through the use of insurance, safety measures, etc.

    accidental loss insurance

    business management

    risk management

    auto insurance

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