Insurance
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1. Many executives will save an organizations money by not having auto insurance on the fleet of company vehicles, whereas, in their personal finances, they will carry insurance on their family car. Take something from your experience that illustrates the difference in attitude from the point of view for an individual to an organization. Explain why the organization attitude toward risk is different from the individual attitude.
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Solution Summary
Making the choice not to have insurance in business versus personal life
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As an individual, I am very risk averse because I have loans that need to be paid off and I need to be able to make a living. However, I have worked for organizations that do not carry malpractice insurance. Personally, I carry every kind of insurance because I know that if something happens, the amount that I pay for my premium will always be ...
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