Asked by Yoselin Ramirez on Jun 25, 2024
Verified
________ is the transfer and distribution of risk.
A) Property management
B) Distributive lost
C) Insurance benefit
D) Risk management
E) Casualty management
Transfer and Distribution
The process of moving goods from one location to another and allocating them among parties or points of sale.
Risk Management
The transfer and distribution of risk.
- Comprehend the foundational concepts of insurance, encompassing risk transfer and the notion of insurable interest.
- Comprehend the principle of moral hazard within the context of insurance.
Verified Answer
TO
Tornike OvashviliJun 29, 2024
Final Answer :
D
Explanation :
Risk management involves identifying, assessing, and prioritizing risks followed by the application of resources to minimize, control, and monitor the impact of unfortunate events or to maximize the realization of opportunities. It includes the transfer and distribution of risk, often through insurance policies or other risk transfer mechanisms.
Learning Objectives
- Comprehend the foundational concepts of insurance, encompassing risk transfer and the notion of insurable interest.
- Comprehend the principle of moral hazard within the context of insurance.