Intro to Business: Chapter 14 Review

Intro to Business: Chapter 14 Review

KG - University

30 Qs

quiz-placeholder

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Intro to Business: Chapter 14 Review

Intro to Business: Chapter 14 Review

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Specialty

KG - University

Practice Problem

Medium

Created by

Deda Rush

Used 62+ times

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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

With careful planning, it is possible to avoid all risk.

True
False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you invest money in the stock market, you are taking a pure risk.

True
False

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If a risk is uncommon or it is impossible to predict the amount of loss that could be suffered, it is termed uninsurable risk.

True
False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a business transfers a risk, that means that no one assumes the risk; it is simply eliminated.

True
False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The person or company buying an insurance policy is called the insured.

True
False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Businesses cannot insure many of the risks they face.

True
False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A risk that involves a possible injury to your health would be classified as a 

property risk
liability risk
personal risk
non-economic risk

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