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NEW QUESTION: 1
A. Option C
B. Option B
C. Option A
D. Option D
Answer: A
NEW QUESTION: 2
Section B (2 Mark)
A perspective on decision making based on the assumption that people typically show risk aversion; hence, when making decisions they view whatever losses may be involved as more painful than equivalent gains are desirable. We have an irrational tendency to be less willing to gamble with profits than with losses.
A. Prospect Theory
B. Utility Theory
C. None of the Above
D. Attribution Theory
Answer: A
NEW QUESTION: 3
Insurance coverage that protects real and personal property from catastrophic losses caused by a variety of perils, such as fire, theft, vandalism, and windstorm is referred as:
A. Property insurance
B. Insurance premium
C. Peril
D. Liability insurance
Answer: B
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