____ is the planning that is undertaken to reduce the risk of loss from known and unknown events. In the context of insurance, it involves transferring certain risks from the insured to the insurance company.
A. Allocation of risk
B. Risk classification
C. Risk management
D. ?Pooling of risk
Answer: C
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Which of the following is not a possible penalty for someone found guilty of committing a crime?
a. A fine b. Imprisonment c. Death d. None of these choices are correct
As a general matter, a person's status as a taxpayer:
A) establishes sufficient interest to challenge any law that is believed to be unconstitutional. B) does not establish sufficient interest to challenge any law. C) establishes sufficient interest to challenge expenditures of funds to which the taxpayer contributed, so long as the expenditure is unconstitutional. D) none of the above are correct.
In a flat fee agreement, an attorney charges fees for which of the following?
A) Specific services rendered B) Percentage of work done C) Hourly work performed D) Pay as you go plan
Under CISG, an obligation may be modified or terminated (mutual releases) so that the failure to perform the original obligation will not be a breach.?
Answer the following statement true (T) or false (F)