Multiple Select QuestionSelect all that applyWhat are the drawbacks in using insurance to transfer risk?Multiple select question.Insurance is often costlyIt may be difficult to explain the risk and its consequences to an insurance broker.It is difficult to insure low-probability and high-consequence risk events.

Multiple Select QuestionSelect all that applyWhat characteristics of a risk event may make "accepting the risk" an appropriate strategy?Multiple select question.The risk is unknown.Extremely low probability of occurrence.Low cost impact.

Multiple Select QuestionSelect all that applyWhich methods may be used to transfer risk in a project?Multiple select question.Warranties and/or guaranteesInsuranceTime and material contractsFixed-price contracts

Multiple Select QuestionSelect all that applyWhich of the following are considered insurable risks?Multiple select question.Unpredictable changes in demandSporadic changes in supplyLoss from theftDamage from fire

Multiple Select QuestionSelect all that applyWhich of the following are disadvantages of real estate investing?Multiple select question.unlimited financial liabilityilliquiditydoes not keep pace with inflationsubject to changes in tax law

Multiple Choice QuestionLife insurance is:Multiple choice question.important and inexpensive.important and costly.unimportant and costly.unimportant and inexpensive.