Purchasing health insurance illustrates the use of which personal risk management technique?
A)avoidance
B)risk transfer
C)risk control
D)risk retention

Name: Purchasing health insurance illustrates the use of which personal risk management technique? A)avoidance B)risk transfer C)risk control D)risk retention
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Question

Quizplus · Accepted Answer

Purchasing health insurance transfers the risk of medical expenses from the individual to the insurance company. Therefore, it is an example of risk transfer.

Purchasing Health Insurance Illustrates the Use of Which Personal Risk