Which of the following is a characteristic of a pure risk?
A) It cannot be analyzed statistically.
B) It is typically uninsurable.
C) It exists when the possibility of a loss is present but the possible extent of the loss is unknown.
D) It refers to the uncertainty as to whether a voluntarily undertaken activity will result in a gain or a loss.
Correct Answer:
Verified
Q2: Which of the following is/are issued by
Q3: Businesses use self-insurance primarily for _.
A) risk
Q4: Most property insurance contracts have a coinsurance
Q5: Insurance is an example of _.
A) risk
Q6: Coinsurance is usually used in which of
Q7: Which of the following defines speculative risk?
A)
Q8: _ refers to setting aside funds to
Q9: Which of the following defines risk avoidance?
A)
Q10: _ refers to shifting a risk to
Q11: Which of the following is covered by
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents