Individuals and families benefit from effective risk management in which one of the following ways?

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Individuals and families benefit from effective risk management in which one of the following ways?

A. Increasing their personal cash flows by retaining rather than insuring their property exposures

B. Continuing activities following an accident or other loss, and thus reducing inconvenience.

C. Stimulating economic growth because fewer losses mean that more funds are available for other uses

D. Creating a positive effect on an insurer's underwriting results

Answer: B

AINS Chapter 7

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