40) 40) The most common risks are A) Liability risks. B) Property risks ) Personal risks. D) All of these are common risks. E) None of these are common risks. 41) 41) Anything that may possibly cause a loss is called a A) Premium. B) Speculation. 9 Negligence. D) Peril. E) Hazard. 42) 42) The failure to take ordinary or reasonable care to prevent accidents from happening is called A) Risk B) Peril. C) Hazard. D) Premium. E) Negligence. 43) If you choose to wear your seatbelt, you are using A) Risk avoidance. B) Risk reduction. ) Risk assumption. D) Risk shifting. E) Risk increasing. 43) 44) The main goal when setting insurance goals is to A) Minimize personal, property, and liability risks. B) Maximize personal property and liability risks. 9Keep the coverage constant or unchanged throughout one's life. D) Increase possible loss of income caused by illness. E) Increase possible loss of property caused by perils. 44) 45) Which of the following questions should one ask when developing a risk management plan? A) How much should I insure something for? B) What do I need to insure? What kind of insurance should I buy? 45) D) Whom should I buy insurance from? E) All of these questions should be asked when developing a risk management plan