___________ is an effective way to handle small exposures to loss when insurance is too expensive.
A)Loss assumption
B)Risk assumption
C)Risk prevention
D)Loss control

Question

___________ is an effective way to handle small exposures to loss when insurance is too expensive. ​
A)Loss assumption
B)Risk assumption
C)Risk prevention
D)Loss control

Quizplus · Accepted Answer

Risk assumption involves accepting the potential for loss and dealing with it directly, which is suitable for small exposures when insurance is not cost-effective.

___________ Is an Effective Way to Handle Small Exposures to Loss