QUESTION 17 Why is a large number of exposure units generally required before a pure risk is insurable? OIt enables the
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QUESTION 17 Why is a large number of exposure units generally required before a pure risk is insurable? OIt enables the
QUESTION 17 Why is a large number of exposure units generally required before a pure risk is insurable? OIt enables the insurer to predict losses more accurately. O It eliminates intentional losses. 4 It minimizes moral hazard. All of the above QUESTION 18 Risk management is concerned with O the management of speculative risks only. the identification and treatment of loss exposures. the management of pure risks that are uninsurable. the purchase of insurance only.