Assignment 1 Exercises (2)

Assignment 1 Exercises (2) - Assignment WK1 Chapters 1&...

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Assignment WK1 Chapters 1 & 2 Due no later than 11:59 pm, Sunday, April 24 General Directions and Information - Please read and follow very, very carefully. If you have any questions, post them to "Virtual Office Hours" (under Course Home). As soon as you download this document from Doc Sharing, re-save it to your desktop or any other location you wish, using Word's "Save As" feature. Name the file: Your Name-HW-WK1-BUS16. Caution : If you don't use the correct file name, I may not be able to find your assignment and it will not be graded. Type your answers under each question. Your answer can be any length and don't have to fit into the space allotted. Your answer to each question must be thoroughly detailed and written in complete sentences, using proper English grammar and correct spelling. Please do not put your answers in another document. This sheet is the only acceptable format. When you're finished with the assignment, submit the entire document, including instructions, to the eCollege Dropbox basket labeled Assignment 1B. Instructions for using the Dropbox are under "Course Home." Chapter 1 Application Questions [Note that you’re only responsible for the questions listed below.] There are several techniques available for managing risk. For each of the following risks, describe in detail an appropriate technique, or combination of techniques, that would be appropriate for dealing with the risk. Give an example for each answer. [Hint: Don't forget the techniques of loss control and avoidance, as well as insurance, retention and non-insurance transfers.] A family head may die prematurely because of a heart attack. Risk transfer and risk retention may apply in this situation. With a risk transfer, a life insurance policy holder's family will be able to transfer the risk to the insurance company. With risk retention, a person can save up money though many different means (including an investment). It will allow a person's family to
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  • Spring '16
  • Melissa Som de Cerff
  • Personal Finance, insurance policy, Tom sue

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