Questions by voice

1 answer

The major of difference between a pure risk and a speculative risk is that the former does not involve the possibility

asked Oct 23, 2021 in Finance

1 answer

Peril is a synonym for hazard

asked Oct 23, 2021 in Finance

1 answer

Loss prevention and reduction efforts are directed toward reducing both frequency and severity

asked Oct 23, 2021 in Finance

1 answer

The concept of "Expected value" relates the magnitude of a risk to the frequency of loss and severity of loss that

asked Oct 23, 2021 in Finance

1 answer

From the prospective of society, the most attractive approach to dealing with risks is risk avoidance

asked Oct 23, 2021 in Finance

1 answer

The term "Pure risk" refers to those situations in which loss is certain, such for example depreciation

asked Oct 23, 2021 in Finance

1 answer

The term "Pure risk" describes a situation in which there is no chance of gain, but the possibility of loss or no loss

asked Oct 23, 2021 in Finance

1 answer

Although virtually all speculative risks can be avoided, it is impossible to avoid all pure risks

asked Oct 23, 2021 in Finance

1 answer

Speculative risks are usually accepted voluntary because of their two-dimensional nature

asked Oct 23, 2021 in Finance

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

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

1 answer

Using your seatbelt at all times while driving is an example of

asked Oct 23, 2021 in Finance

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

1 answer

Mandatory driver education training by trucking firm is an example of

asked Oct 23, 2021 in Finance

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

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

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

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

1 answer

All of the following are methods of noninsurance transfer except

asked Oct 22, 2021 in Finance

1 answer

All of the following statements about retention are true except

asked Oct 22, 2021 in Finance

1 answer

The use of fire-resistance materials when constructing a building is an example of

asked Oct 22, 2021 in Finance

1 answer

For the insured the use of deductible in insurance contracts is an example of

asked Oct 22, 2021 in Finance

1 answer

Following good health habits can be categorized as

asked Oct 22, 2021 in Finance

1 answer

Loss control includes which of the following?

asked Oct 22, 2021 in Finance

1 answer

All of the following are burdens to society because of the presence of risk except

asked Oct 22, 2021 in Finance

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