All of the following are strategies to mitigate risks that are threats except Transfer Acceptance Enhance Avoidance Which of the following best describes a financial plan? It summarizes your current financial condition while preparing for future expenses an account set up for retirement that has tax benefits The quantity of money you want to accumulate The difference between your assets and liabilities Question 34 (1 point) Which of the following is the primary function of insurance? Having the insurance company pay for a loss Removing risks Pooling and risk sharing Risk avoidance Pursuing an investment is an example of what type of risk management strategy? Exploit Transfer Mitigate Risk avoidance John contracts with Ben to renovate his house over 3 month period while John is on vacation and would give John a renovated house at a price of $20,000 when he returns. This is an example of: A unit cost contract A cost plus incentive fee contract A cost plus fixed fee contract A fixed price contract Question 15 (1 point) In negotiations the position of each party is usually not known True False Which of the following instruments are useful for buying a home? Tax-Free Savings Account (TFSA) Home Buyers' Plan (HBP) Registered Retirement Savings Plan (RRSP) All of the above