PFL review 2

PFL review 2

12th Grade

15 Qs

quiz-placeholder

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PFL review 2

PFL review 2

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Hard

Created by

Benjamin L Courts

Used 11+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A risk management strategy that involves an individual or business absorbing costs rather than transferring the cost to an insurance company is 


Avoidvance

Reducing

Retaining

Transferring

2.

CATEGORIZE QUESTION

3 mins • 1 pt

Organize these options into the right categories

Groups:

(a) Long term care insurance

,

(b) Disability insurance

Requiring physical therapy after an accident would most likely be covered under?

Protects your income

Protects your assets

Developing Alzheimer's would be included under?

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Upon moving out of your parent’s basement and into your own home, one of the first things you decide to buy is a dog. Because you live alone, you decide to get a pitbull not only for companionship but also for protection. One day, one of your neighbors stops by for a visit and your pitbull bites the neighbor. What part of your homeowner’s insurance coverage will help your neighbor pay for his medical bills and potentially missed days at work?

Escrow coverage

Liability coverage

Replacement coverage

Your homeowner’s insurance does not pay for the dog bite.

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following are ways in which consumer protection agencies work to protect consumers? Select the 3 correct answers.

Promoting consumer education

Investigating and prosecuting cases of fraud

Investigating and prosecuting cases of unfair competition

Passing Consumer Protection Laws

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the collection of preparatory tasks which serve to manage an individual’s assets in the event of their death or incapacitation?

Power of attorney

Will Planning

Living Will

Estate Planning

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are reasons why estate planning is important EXCEPT

Increases tension in families

Protection of beneficiaries

Provides direction for guardianship of young children

Mitigates expensive tax hikes

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Use the graph and your knowledge of Social Studies to answer the following question.

According to the graph,

 

as education level increases, unemployment increases

as education level increases, unemployment decreases

as education level decreases, unemployment decreases

as education level decreases, unemployment decreases

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