Chapter 21 Review
Authored by Alyssa Olive
Business
10th Grade
Used 4+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 3 pts
It is possible to protect yourself from the consequences of pure risks.
True
False
2.
MULTIPLE CHOICE QUESTION
20 sec • 3 pts
You can buy insurance on your neighbor's home.
True
False
3.
MULTIPLE CHOICE QUESTION
20 sec • 2 pts
Factories begin laying off workers during the decline period of the business cycle.
True
False
4.
MULTIPLE CHOICE QUESTION
20 sec • 2 pts
Factories begin laying off workers during the decline period of the business cycle.
True
False
5.
MULTIPLE CHOICE QUESTION
20 sec • 2 pts
Insurance is a way to enrich policyholders; it is to put them in a better financial position than they were in before the loss or damage.
True
False
6.
MULTIPLE CHOICE QUESTION
20 sec • 2 pts
Some risks are not serious enough to insure.
True
False
7.
MULTIPLE CHOICE QUESTION
20 sec • 3 pts
Risk transfer is the process of accepting the consequences of risk.
True
False
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