____________ is a technique which distributes the risk of one person among many.
1 point
Transport
Insurance
Warehousing
Banking
Answers
Answer:
Insurance
Explanation:
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Concept Introduction:
An effective way to guard against financial loss is insurance. It is a method of risk management that is primarily employed to protect against the risk of a potential loss. An organization that offers insurance is referred to as an underwriter, insurer, insurance business, or insurance carrier.
Explanation:
We have been given a multiple-choice question.
We have to find the correct option.
Insurance is a legal agreement between two parties – the insurer and the insured, also known as insurance coverage or insurance policy. The insurer provides financial coverage for the losses of the insured that s/he may bear under certain circumstances.
Final Answer:
The final answer is insurance
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