Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Explain how to answer these I.When the topic guaranteed is obliterated entirely alludes to ______________. A.Partial misfortune B.Actual complete misfortune C.Constructive complete misfortune D.Maximum misfortune

Explain how to answer these

I.When the topic guaranteed is obliterated entirely alludes to ______________.

A.Partial misfortune

B.Actual complete misfortune

C.Constructive complete misfortune

D.Maximum misfortune

II.Marine hazards is additionally called as ______________.

A.Perils of the Sea

B.Moral Hazards

C.MarineClause

D.Marinelaws

III.______________ is an archive which gives proof of the agreement of protection

A.Proposal structure

B.Policy structure

C.Cover note

D.Certificate of protection

IV.Insurance is a danger the board procedure including ______________.

A.Risktransfer

B.Riskretention

C.Riskavoidance

D.Losscontrol

V.Which of the accompanying aides in Risk improvement?

A.Fire detachment

B.Salvage crops

C.Engineers who study property to be safeguarded

D.Ambulance

VI.The business of protection is identified with security of ______________.

A.Savings

B.Status

C.Profits

D.Economic estimation of resources

VII.Loss control includes a blend of ______________.

A.effort and time

B.fund and time

C.funds exertion or time

D.effort and asset

VIII.An insurance agency appraises its target hazard for 10,000 openings at 10 Per penny. Expecting the likelihood of misfortune stays as before, what might befall the target hazard if the quantity of openings were to increment to 1 million?

A.It would diminish to 1 percent

B.It would diminish to 5 percent

C.It would continue as before

D.It would increment to 20 percent

IX.All of coming up next are social expenses related with protection Except ______________.

A.increased cost of capital

B.the cost of working together

C.fraudulent claims

D.inflated claims

X.Risk of sudden passing is a ______________.

A.Financial Risk

B.Dynamic Risk

C.Subjective Risk

D.Personal Risk

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Survey Of Accounting

Authors: Carl S. Warren, Amanda Farmer

9th Edition

0357132599, 978-0357132593

More Books

Students also viewed these Accounting questions