POB 5.02 B Question Preview (ID: 9847)
POB 5.02 B.
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A real estate agent has the responsibility to showcase several homes in order to sell to potential customers. How is the agent currently handling the risks?
a) Assume
b) Avoid
c) Insure
d) Transfer
A-1 Cleaning Company has a contract with another company to take care of its customers' delicate fabrics. How does the company handle these risks?
a) Assume
b) Avoid
c) Insure
d) Transfer
The Electronics Company hires local delivery companies to set up equipment. How does the company handle the risks of setting up equipment?
a) Assume
b) Avoid
c) Insure
d) Transfer
Fred's receives thirty service orders. The company refers some of the orders to another company, since she wants to maintain a reputation of completing orders How is risk handled?
a) Assume
b) Avoid
c) Insure
d) Transfer
It cost a company at least $1.49 to produce a new line of shampoo. The company decided to continue its original instead of adding a new product. How did the company handle risk?
a) Assume
b) Avoid
c) Insure
d) Transfer
ABC Investment Company invested over $300,000 obtained from their clients. The company gained 5% as a return on its investment. This is an example of which type of insurance risk?
a) Controllable
b) Insurable
c) Speculative
d) Economic
A chef allowed potential customers to taste sample dishes with plans for them to purchase several after the tasting.This is an example of which type of insurance risk?
a) Speculative
b) Insurable
c) Economic
d) Controllable
A distributor remodeled its facilities in order to offer a variety of supplies to its customers. This is an example of which type of insurance risk?
a) Economic
b) Speculative
c) Controllable
d) Insurable
A store relocated to a large building with plans to increase its profits and target market. This is an example of which type of insurance risk?
a) Controllable
b) Insurable
c) Speculative
d) Economic
A local food company filed an insurance claim to compensate employees who lost personal belongings in a company fire. This is an example of which type of insurance risk?
a) Economic
b) Insurable
c) Controllable
d) Speculative
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