Asked by Kerosi Giddy on Jul 12, 2024
Verified
Kayla faces risks and she pays a fee to ABC Company; in return, ABC Company agrees to accept some or all of Kayla's risks. ABC Company is
A) a mutual fund.
B) an insurance company.
C) a diversified company.
D) an equity-financed company.
Insurance Company
A financial institution that provides a range of insurance policies to protect individuals and businesses against various risks.
Mutual Fund
is an investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments, and other assets.
Equity-Financed
A method of funding in which a company raises capital through the sale of its own equity rather than borrowing money.
- Explain the role of insurance companies in risk management.
Verified Answer
Learning Objectives
- Explain the role of insurance companies in risk management.
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