Overview of Risk and Insurance
Authored by Ngoc Ngo
Specialty
University
Used 4+ times
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10 questions
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1.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
Risk is the possibility of an unusual event that results in unintended damage to people due to UNFORGETING:
Danger of risk
Space and time
Level of risk
Risks
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Pure risk involves three possible outcomes: loss, gain and no change
Correct
Wrong
3.
FILL IN THE BLANKS QUESTION
20 sec • 1 pt
Speculative risk (a) insured
4.
MULTIPLE SELECT QUESTION
10 sec • 1 pt
Criteria for assessing the level of risk is
Danger of risk
Frequency of risk occurrence
Sevirity of the risk
Level of risk
5.
FILL IN THE BLANKS QUESTION
30 sec • 1 pt
(a) allows insurers to accept responsibility for the economic losses of their insured
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
“The majority compensates for the few” is a principle of
Risk management
Managing risks through insurance
Financial management
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Does the risk of unemployment satisfy requirements?
No, it doesn't
Yes, it does
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