Abraham is excited about opening his car wash facility. The required investment of money and time is sizable and although he has high hopes, Abraham is taking a speculative risk. This means that:
A) his investment involves a chance of profit or loss.
B) his risk can be shifted to an insurance company if he buys product liability insurance.
C) he would be best advised to self-insure his exposure to malpractice liability.
D) his insurance premium would be based on the law of large numbers.
Correct Answer:
Verified
Q82: _ risk involves a chance of either
Q86: Organizations spend about _ percent of gross
Q88: In an effort to minimize the cost
Q89: Some businesses will set aside money to
Q92: In designing an addition to his successful
Q93: Sadly, during a war many civilians watch
Q94: _ risk involves the threat of loss
Q95: Jonathon is in charge of risk management
Q96: Firestone and Ford recalled thousands of tires
Q99: A policyholder must have a(n) _ in
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