Which of the following actions is associated with risk sharing?

The action associated with risk sharing is the combining of resources to cover similar losses. Risk sharing occurs when multiple parties agree to pool their resources so that they can collectively cover losses that they might face. This method spreads the financial burden among all parties involved, reducing the impact on any single entity in the event of a loss.

This concept is often applied in insurance practices where groups of individuals or organizations come together to mitigate potential financial repercussions from common risks. By sharing the risk, the parties can create a buffer against losses, making it more manageable and potentially lowering costs associated with insuring against those risks.

Other actions, such as completely avoiding any risk, are contrary to the principle of risk sharing because they do not involve collaboration and pooling of resources. Similarly, bearing the cost of losses independently signifies taking on the entire risk alone, without sharing, while insuring a unique or high-risk item does not inherently involve the element of shared responsibility, as it pertains to individual risk management rather than collective mitigation.