Define (a) Risk avoidance (b) Loss prevention (c) Loss control (d) Risk assumption (e) An insurance policy.

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Define
(a) Risk avoidance
(b) Loss prevention
(c) Loss control
(d) Risk assumption
(e) An insurance policy.
Explain their interrelationships.

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Personal Financial Planning

ISBN: 978-1111971632

13th edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley

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Question Posted: Feb 13, 2015 09:33 AM

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Define (a) Risk avoidance (b) Loss prevention (c) Loss control (d) Risk assumption (e) An insurance policy.

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a Risk avoidance involves avoiding the act that creates the risk It is an attractive way to deal wit...View the full answer

Personal Financial Planning

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