3.Major risk financing techniques include: (A)retention, non-insurance transfers, and insurance b. retention, reduction, and loss prevention c. retention, loss prevention and loss reduction d.hedging and insurance. 4.The different types of hazars aro: a.Moral hazard and attitudinal hazand b.Moral hazand and adverse hazard c.Insurance and adverse selection d.Moral. hazard, avoidance, and loss reduction

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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3.Major risk financing techniques include:
(A)retention, non-insurance transfers, and insurance
b. retention, reduction, and loss prevention
c. retention, loss prevention and loss reduction
d.hedging and insurance.

 

4.The different types of hazars aro:

a.Moral hazard and attitudinal hazand
b.Moral hazand and adverse hazard
c.Insurance and adverse selection
d.Moral. hazard, avoidance, and loss reduction

 
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