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1. Instead of purchasing insurance, you could try to avoid risk by not acquiring assets that require insurance, but you probably would not pursue this strategy because:
a. you would still be subject to the possible loss of income due to an event that makes you disabled.
b. you would still be subject to major medical expenses due to an illness.
c. it is very inconvenient.
d. All of the above are true.
2. ______________ coverage is intended to cover any liability associated with property damage that you caused.
Medical payments
Property damage liability
Bodily injury liability
None of the above.
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Elaborate more on what it means to reject risk. This part I need 4 quality references from the web www.xxx.com....... Current 2015-2018!
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Define risk, and explain how it is measured. Identify a source of firm-specific risk. What is the source of market risk? Explain what the coefficient of variation measures.
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