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WEBCE EXAM QUESTIONS AND ANSWERS 2024
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WEBCE EXAM QUESTIONS AND ANSWERS 2024 Rory's parents offered to buy him a new car to take to college, but Rory turned them down because he was afraid the car would be stolen or damaged if he parked... it on campus. In deciding not to own a car, what risk management technique did Rory employ? risk avoidance Which of the following is most likely to be an insurable risk? The chance that a fire will destroy a building Theodore pays an annual premium to the insurance company that covers many of the risks associated with Theodore's business. What risk management technique is Theodore using? risk transfer The possibility that a fire will damage Fay's store building is a pure risk. Why? It involves only the chance of a loss. [Show More]
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