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Ben is concerned that if he injures someone or damages someone's property he could be held legally responsible and required to pay damages. This type of risk is called a: (Points : 1)
Ben is concerned that if he injures someone or damages someone's property he could be held legally responsible and required to pay damages. This type of risk is called a: liability risk.
Question|Asked by jerry32187
Asked 2/27/2014 9:38:29 PM
Updated 2/27/2014 10:29:27 PM
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Ben is concerned that if he injures someone or damages someone's property he could be held legally responsible and required to pay damages. This type of risk is called a: liability risk.
Added 2/27/2014 10:29:27 PM
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Questions asked by jerry32187
Preloss objectives of risk management include which of the following? I. Preparing for potential losses in the most economical way. II. Reduction of anxiety. (Points : 1)
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Updated 2/27/2014 11:37:16 PM
1 Answer/Comment
Preloss objectives of risk management include II. Reduction of anxiety.
Added 2/27/2014 11:37:16 PM
This answer has been confirmed as correct and helpful.
An automobile that is a total loss as a result of a collision is an example of which of the following types of risk? I. Speculative risk II. Diversifiable risk (Points : 1)
Question|Asked by jerry32187
Not Answered
Updated 2/27/2014 10:28:56 PM
1 Answer/Comment
An automobile that is a total loss as a result of a collision is an example of II. Diversifiable risk.
Added 2/27/2014 10:28:56 PM
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In addition to marketing life insurance, life insurers typically sell which of the following products? I. Retirement annuities II. Disability income insurance (Points : 1)
Question|Asked by jerry32187
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Updated 2/27/2014 10:31:38 PM
1 Answer/Comment
In addition to marketing life insurance, life insurers typically sell I. Retirement annuities and II. Disability income insurance.
Added 2/27/2014 10:31:38 PM
This answer has been confirmed as correct and helpful.
Uncertainty based on a person's mental condition or state of mind is known as (Points : 1)
Question|Asked by jerry32187
Not Answered
Updated 2/27/2014 10:30:27 PM
1 Answer/Comment
Uncertainty based on a person's mental condition or state of mind is known as SUBJECTIVE RISK.
Added 2/27/2014 10:30:27 PM
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