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(Solved): QUESTION   THREE   ( DEFINITIONS) DEFINE THE FOLLWING:- 1- Avoidance &nbs ...



QUESTION   THREE   ( DEFINITIONS)

DEFINE THE FOLLWING:-

1- Avoidance   2-  Hazard   3-   Insurance    4 -    Law of large number    5-   Loss control  6-   Loss preventions  7- Physical hazard   8- Methods of Handling Risks

9- RISK   10-  Peril

QUESTION    FOUR

Fill   in

 ----- the direst cause of a loss                                                       

 ----  is an example of  physical hazard:                    

------is a good example of a speculative risk                            

--------risk   affects the entire economy                               

------------ means the risks are kept by individuals or organizations          



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1- The direct cause of a loss is the event or action that led to the loss occurring, such as a theft, fire, or natural disaster. It is the proximate c
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