Most insurance industry contracts and education and training materials use the term "peril" to describe the enterprise, property, person, or activity facing a potential loss.
Correct Answer:
Verified
Q11: Fundamental risks are generally nonsystemic and diversifiable.
Q12: A gambler is likely to be risk
Q13: Market risk, such as devaluation of the
Q14: If a car is damaged in a
Q15: Economists consider most widely held or publicly
Q17: Morale hazards involve dishonesty on the part
Q18: Moral and morale hazards are types of
Q19: Hazards increase the probability of losses, their
Q20: Morale hazards do not involve dishonesty.
Q21: What is a pre-condition to the element
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