Purchasing insurance is an example of risk ___________.
A)acceptance
B)diversion
C)limitation
D)transference

Name: Purchasing insurance is an example of risk ___________. A)acceptance B)diversion C)limitation D)transference
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Question

Quizplus · Accepted Answer

Purchasing insurance involves transferring the risk from yourself to the insurance company, making D the correct answer. Risk acceptance means you accept the consequences of the risk. Risk diversion means you reduce the risk. Risk limitation means you limit the impact of the risk.

Purchasing Insurance Is an Example of Risk ___________