Q54 Homework Unanswered Due Aug 3151, 4:59 AM Which of the following statements correctly differentiate between perils and hazards? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer, a Perils refer to the number of losses during a specified period and hazards refer to the average dollar value of a loss per occurrence. b Both perils and hazards are causes of loss; perils are tangible, hazards are intangible. C Perils are causes of loss hazards are conditions that increase perils. d Perils are diversifiable risks; hazards are nondiversifiable risks Perils are consequences of losses; hazards are cause of losses