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Recent questions tagged insurance-quiz
1
answer
Although virtually all speculative risks can be avoided, it is impossible to avoid all pure risks
asked
Oct 23, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
finance-question
insurance
insurance-quiz
true-or-false
speculative-risk
pure-risk
risk-avoidance
1
answer
Speculative risks are usually accepted voluntary because of their two-dimensional nature
asked
Oct 23, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
finance-question
insurance
insurance-quiz
true-or-false
speculative-risk
nature
1
answer
Fundamental risks are usually considered to be an individual’s own responsibility and are most appropriately dealt with
asked
Oct 23, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
finance-question
insurance
insurance-quiz
true-or-false
fundamental-risk
loss-prevention
1
answer
A hazard is anything that is likely to cause a loss, such as a fire, a wind storm or an earthquake
asked
Oct 23, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
finance-question
insurance
insurance-quiz
true-or-false
moral-hazard
windstorm
earthquake
1
answer
Using your seatbelt at all times while driving is an example of
asked
Oct 23, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
finance-question
insurance
insurance-quiz
seatbelt
risk-avoidance
risk-transfer
loss-reduction
1
answer
Maradona (a famous football star) has insurance on his house and belongings inside the house. As a result, he never
asked
Oct 23, 2021
in
Finance
by
voice
(
257k
points)
finance
insurance
finance-quiz
insurance-quiz
finance-question
adverse-selection
moral-hazard
1
answer
Mandatory driver education training by trucking firm is an example of
asked
Oct 23, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
insurance
insurance-quiz
finance-question
risk-avoidance
loss-prevention
risk-transfer
1
answer
Fisal and Tamer started a dry cleaning business. The business may be successful or it may fail. The type of risk that is
asked
Oct 23, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
insurance
insurance-quiz
finance-question
pure-risk
subjective-risk
fundamental-risk
speculative-risk
1
answer
Al Raghy Company installed smoke detectors, a sprinkler system, and fire extinguishers in its new manufacturing facility
asked
Oct 23, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
finance-question
insurance
insurance-quiz
loss
control
risk
retention
1
answer
ABC insurance company plans to sell homeowners insurance in Riyadh. ABC expect that 8 homeowners out of
asked
Oct 22, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
finance-question
insurance
insurance-quiz
home-insurance
objective-risk
subjective-risk
1
answer
Osama borrowed money from Al Raghey bank to purchase a fishing boat. He purchased insurance on the boat
asked
Oct 22, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
finance-question
insurance
insurance-quiz
osama
boat-insurance
pay-loan
adverse-selection
moral-hazard
1
answer
All of the following are methods of noninsurance transfer except
asked
Oct 22, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
finance-question
insurance
insurance-quiz
non-insurance
agreement
dangerous
stock
business
1
answer
All of the following statements about retention are true except
asked
Oct 22, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
finance-question
insurance
insurance-quiz
retention
ignore-work
risk
1
answer
The use of fire-resistance materials when constructing a building is an example of
asked
Oct 22, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
finance-question
insurance
insurance-quiz
fire-resistance
risk-transfer
loss-control
risk-avoidance
1
answer
For the insured the use of deductible in insurance contracts is an example of
asked
Oct 22, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
finance-question
insurance
insurance-quiz
direct-insured
contract-in-insurance
risk-transfer
loss-control
1
answer
Following good health habits can be categorized as
asked
Oct 22, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
finance-question
insurance
insurance-quiz
good-health
loss-prevention
personal-insurance
1
answer
Loss control includes which of the following?
asked
Oct 22, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
finance-question
insurance
insurance-quiz
loss-control
loss-reduction
loss-prevention
1
answer
All of the following are burdens to society because of the presence of risk except
asked
Oct 22, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
finance-question
insurance
insurance-quiz
burden
presence
emergency-vehicle
transport-goods
1
answer
Which of the following statements about Liability risks is/are true?
asked
Oct 22, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
finance-question
insurance
insurance-quiz
true-statement
liability
outcome
upper-limit
1
answer
The extra expenses incurred by a business to stay in operation following a fire is an example of a(n)
asked
Oct 22, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
finance-question
insurance
insurance-quiz
expenses
business
fundament-risk
speculative-risk
direct-loss
1
answer
All of the following are examples of Direct Property losses except
asked
Oct 22, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
finance-question
insurance
insurance-quiz
direct-property
person-jewelry
earthquake
expenses
collision
1
answer
Which of the following are often consequences of long term disability?
asked
Oct 22, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
finance-question
insurance
insurance-quiz
finanacial-consequences
durability
medical-expenses
employees
1
answer
Which of the following is reason why Premature death may result in Economic Insecurity?
asked
Oct 22, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
finance-question
insurance
insurance-quiz
premature-death
economic-insecurity
deceased-person
expenses
1
answer
All of the following are examples of personal risks except
asked
Oct 22, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
finance-question
insurance
insurance-quiz
personal-risk
poor-risk
unemployment
premature-death
flood
1
answer
An automobile that could be totaled in a collision is an example of which of the following types of risk?
asked
Oct 22, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
finance-question
insurance
insurance-quiz
automobile
collision
risk
speculative-risk
fundamental-risk
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