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IIA-CFSA · Question #389

Insurance in law and economics, is a form of risk management primarily used to:

The correct answer is C. Both the statements are one and the same. See the full explanation below for the reasoning.

Question

Insurance in law and economics, is a form of risk management primarily used to:

Options

  • AHedge again risk of potential financial loss
  • BLock the risk of potential financial losses
  • CBoth the statements are one and the same
  • DNone of these

How the community answered

(45 responses)
  • A
    2% (1)
  • B
    7% (3)
  • C
    78% (35)
  • D
    13% (6)

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