all questions, please.

True or False: Risk is the consequence of the lack of predictability of an event or situation that involves having two or more possible outcomes (uncertainty). True or False: Non-diversifiable, also known as systemic risks, usually affect only a small group of people. True or False: A "pure risk" features the possibility of a loss, gain or no loss. Your company is debating whether to pay for each employee to get the flu shot. Before spending this money, the boss asks you to research how many employees got sick in years past, and then estimate the number that will get the flu in the coming year. Your estimate will be more accurate if your company has: a. 100 employees b. 500 employees c. 750 employees True or False: The Law of Large Numbers holds that as a sample of observations increases in size, the relative variation about the mean increases. Wearing a Personal Floatation Device (life jacket) is an example of: Loss prevention b. Loss reduction Loss anticipation d. Loss cancellation The situation in which a buyer knows information that a seller does not is best described as: a. Avoidance b. Preferred Selection c. Adverse Selection d. Preferred Knowledge True or False: Companies try to avoid "business risks" If you prefer to pay a higher premium in exchange for a lower deductible on your auto insurance, your attitude toward risk is: Risk Neutral Risk Seeker Risk Follower Risk Averse a. c. a. b. C. d. True or False: A risk map is a visual tool that profiles the risks identified as important to a business