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Answers by kk3575515
0
votes
Osama borrowed money from Al Raghey bank to purchase a fishing boat. He purchased insurance on the boat
answered
Oct 26, 2021
in
Finance
finance
finance-quiz
finance-question
insurance
insurance-quiz
osama
boat-insurance
pay-loan
adverse-selection
moral-hazard
0
votes
All of the following are methods of noninsurance transfer except
answered
Oct 26, 2021
in
Finance
finance
finance-quiz
finance-question
insurance
insurance-quiz
non-insurance
agreement
dangerous
stock
business
0
votes
All of the following statements about retention are true except
answered
Oct 26, 2021
in
Finance
finance
finance-quiz
finance-question
insurance
insurance-quiz
retention
ignore-work
risk
0
votes
The use of fire-resistance materials when constructing a building is an example of
answered
Oct 26, 2021
in
Finance
finance
finance-quiz
finance-question
insurance
insurance-quiz
fire-resistance
risk-transfer
loss-control
risk-avoidance
0
votes
For the insured the use of deductible in insurance contracts is an example of
answered
Oct 26, 2021
in
Finance
finance
finance-quiz
finance-question
insurance
insurance-quiz
direct-insured
contract-in-insurance
risk-transfer
loss-control
0
votes
Following good health habits can be categorized as
answered
Oct 26, 2021
in
Finance
finance
finance-quiz
finance-question
insurance
insurance-quiz
good-health
loss-prevention
personal-insurance
0
votes
Loss control includes which of the following?
answered
Oct 26, 2021
in
Finance
finance
finance-quiz
finance-question
insurance
insurance-quiz
loss-control
loss-reduction
loss-prevention
+1
vote
All of the following are burdens to society because of the presence of risk except
answered
Oct 26, 2021
in
Finance
finance
finance-quiz
finance-question
insurance
insurance-quiz
burden
presence
emergency-vehicle
transport-goods
0
votes
Which of the following statements about Liability risks is/are true?
answered
Oct 26, 2021
in
Finance
finance
finance-quiz
finance-question
insurance
insurance-quiz
true-statement
liability
outcome
upper-limit
+1
vote
The extra expenses incurred by a business to stay in operation following a fire is an example of a(n)
answered
Oct 26, 2021
in
Finance
finance
finance-quiz
finance-question
insurance
insurance-quiz
expenses
business
fundament-risk
speculative-risk
direct-loss
0
votes
All of the following are examples of Direct Property losses except
answered
Oct 26, 2021
in
Finance
finance
finance-quiz
finance-question
insurance
insurance-quiz
direct-property
person-jewelry
earthquake
expenses
collision
0
votes
Which of the following are often consequences of long term disability?
answered
Oct 26, 2021
in
Finance
finance
finance-quiz
finance-question
insurance
insurance-quiz
finanacial-consequences
durability
medical-expenses
employees
0
votes
Which of the following is reason why Premature death may result in Economic Insecurity?
answered
Oct 26, 2021
in
Finance
finance
finance-quiz
finance-question
insurance
insurance-quiz
premature-death
economic-insecurity
deceased-person
expenses
0
votes
All of the following are examples of personal risks except
answered
Oct 26, 2021
in
Finance
finance
finance-quiz
finance-question
insurance
insurance-quiz
personal-risk
poor-risk
unemployment
premature-death
flood
0
votes
An automobile that could be totaled in a collision is an example of which of the following types of risk?
answered
Oct 26, 2021
in
Finance
finance
finance-quiz
finance-question
insurance
insurance-quiz
automobile
collision
risk
speculative-risk
fundamental-risk
0
votes
Which of the following statements about Speculative risks is true?
answered
Oct 26, 2021
in
Finance
finance
finance-quiz
finance-question
insurance
insurance-quiz
speculative-risk
insurable-interest
private-insurer
loss
0
votes
The Premature death of an individual is an example of a
answered
Oct 26, 2021
in
Finance
finance
finance-quiz
finance-question
insurance
insurance-quiz
premature-death
individual
pure-risk
speculative-risk
0
votes
A Pure risk is defined as a situation in which there is
answered
Oct 26, 2021
in
Finance
finance
finance-quiz
finance-question
insurance
insurance-quiz
pure-risk
loss
profit
0
votes
Indifference to loss because of the existence of insurance of insurance is an example of a
answered
Oct 26, 2021
in
Finance
finance
finance-quiz
finance-question
insurance
insurance-quiz
indifference
loss
objective-risk
moral-hazard
0
votes
Faking an accident to collect insurance proceeds is an example of a
answered
Oct 26, 2021
in
Finance
finance
finance-quiz
finance-question
insurance
insurance-quiz
prevent-accident
physical-illness
moral-hazard
objective-risk
+1
vote
Dense fog that increase the chance of an automobile accident is an example of
answered
Oct 26, 2021
in
Finance
finance
finance-quiz
finance-question
insurance
insurance-quiz
dense-fog
automobile
speculative-risk
perils
moral-hazard
0
votes
An earthquake is an example of a
answered
Oct 26, 2021
in
Finance
finance
finance-quiz
finance-question
insurance
insurance-quiz
earthquake
moral-hazard
perils
objective-risk
0
votes
A peril is _____________.
answered
Oct 26, 2021
in
Finance
finance
finance-quiz
finance-question
insurance
insurance-quiz
perils
moral-hazard
loss
0
votes
An individual's personal estimate of the chance of loss is
answered
Oct 26, 2021
in
Finance
finance
finance-quiz
finance-question
insurance
insurance-quiz
personal-insurance
loss
objective-risk
subjective-risk
0
votes
Uncertainty based on a person’s mental condition or state of mind is known as
answered
Oct 26, 2021
in
Finance
finance
finance-quiz
finance-question
insurance
insurance-quiz
uncertainty
mental-condition
mind-state
objective-risk
subjective-risk
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