Having 50 gallons of gasoline in your garage is a:
A) peril
B) moral hazard
C) pure risk
D) physical hazard
Correct Answer:
Verified
Q25: A burglar enters Marcia's home and steals
Q26: Bodacious D, a famous singer, is performing
Q29: The expense ratio equals:
A) total underwriting expenses
Q30: From the insurance company's perspective, what is
Q39: There are four basic components of an
Q40: Objective risk is defined as:
A)risk with two
Q41: Increased predictability means lower objective risk.
Q44: Morale hazards exist because of the presence
Q47: In banking,"pure risk" is referred to as
A)operational
Q53: Insurance increases the number of intentional losses
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