Which of the following defines speculative risk?
A) It is the uncertainty that some unpredictable event will result in a loss.
B) It is the uncertainty that a voluntarily undertaken risk will result in a loss.
C) It is the refusal to undertake an activity when a chance taken seems too costly.
D) It is the possibility of a loss when the possible extent of the loss is unknown.
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
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
Q12: _is the uncertainty that some unpredictable event
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