Question 3 1 pts Kenneth owns an old car so he has decided not to insure his vehicle with collision or comprehensive coverage on his car insurance policy. He only carries the liability insurance required by the state to cover the other person's car in case he causes an accident. If Kenneth is in an accident, and he is at fault, the insurance company will not pay to fix or replace his car. In this situation, by not having collision and comprehensive insurance on his car Kenneth is taking on responsibility for the negative results of the risk, which is called O Risk avoidance O Risk reduction Risk assumption Risk shifting