INS200 Workshop Quiz

INS200 Workshop Quiz

University

10 Qs

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INS200 Workshop Quiz

INS200 Workshop Quiz

Assessment

Quiz

Business

University

Practice Problem

Medium

Created by

MASITAH OMAR

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10 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

Hazard is ______

A reduction or disappearance of economic value

A condition that increases the chance of loss

A condition that decreases the chance of loss

An uncertainty

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

The probability theory that is possible to be measured accurately is under the category of_______________

Empirical probability

Judgemental probability

Priori probability

Uncertainty

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

Which is NOT the types of loss associated with the destruction or theft of property?

Direct loss

Major loss

Indirect loss

Extra expenses

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

Siti always feels very uneasy about traveling by air compared to by land.

Familiarity

Personal or societal effect

Control

Frequency and severity

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

“An electronic producer has its manufacturing and assembly plant detached from its administrative and corporate office”.

Risk transfer

Risk control

Insurance

Separation

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

Published data, government data and databases are the examples of:

Variance

Statistical data

Secondary data

Primary data

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

Risk transfer mechanism is a ________ function of insurance.

tertiary

primary

indirect

secondary

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