Which of the following statements is a characteristic of a pure risk?
A. It cannot be analyzed statistically.
B. It refers to the uncertainty as to whether a voluntarily undertaken activity will result in a gain or a loss.
C. It exists when the possibility of a loss is present but the possible extent of the loss is unknown.
D. It is typically uninsurable.
Answer: C
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A local karate studio offers many services: karate lessons to young children (under age 10), judo lessons to preteens, kickboxing courses for teenagers and adults, and self-defense courses for older people. We can say that the studio has achieved _____ because the studio's activities interact and reinforce one another.
A. an effective defensive strategy B. a blue ocean strategy C. diversification D. contingency E. fit
Interest revenue on bonds is reported
a. as an addition to the Investment in Bonds account b. as part of comprehensive income but not as part of net income c. as part of other income d. as part of operating income
When writing a report that includes all relevant information about a topic, even if it is negative, ensures what type of communication?
A) Lengthy B) Professional C) Ethical D) Plagiarized E) Meaningful
Which of the following is NOT considered to be a trade barrier?
a. dumping b. embargo c. quota d. tariffs