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BML 11-2
Test Description: Business management and law, chapter 11, set 2
Instructions: Answer all questions to get your test result.
1) A risk that offers a chance to either gain or lose.
A
speculative risk
B
pure risk
C
bespectacled risk
D
controllable risk
2) Personal, liability and property risks are all examples of
A
insurable risk
B
uninsurable risk
C
non-economic risks
D
economic risks
3) tm
A
all of these
B
copyrights
C
patents
D
trademarks
4) A type of risk that cannot be reduced by your action is a( n)
A
uncontrollable risk
B
transferrable risk
C
non-economic risk
D
pure risk
5) You decide to skip the camping trip to Crystal Lake when you hear about a crazed, hockey masked homicidal former camper with a machete. This is an example of
A
transferring risk
B
insuring risk
C
avoiding risk
D
assuming risk
6) A company that finds another business to complete a risky activity is
A
avoiding risk
B
transferring risk
C
pretty slick
D
insuring risk
7) The party that agrees to take on certain economic risks and to pay for losses if they occur is the
A
ensured
B
insurer
C
unsure
D
insured
8) Which of these is a type of insurance businesses commonly purchase to protect its employees?
A
alien abduction insurance
B
parametric insurance
C
disability insurance
D
liability insurance
9) This type of insurance covers a large number of employees and their family members under one policy.
A
umbrella insurance
B
indemnity insurance
C
roof insurance
D
group insurance
10) Which of the following is not a main category of uninsurable risk factors?
A
changes in technology
B
disturbances in the Force
C
economic circumstances
D
competitors' actions
*select an answer for all questions
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