If insurers were to provide indemnification for losses that were deliberately caused, which characteristic of ideally insurable risks would not be met?
A) The loss must be accidental and unintentional.
B) The loss must be determinable and measurable.
C) The loss should not be catastrophic.
D) There must be a large number of similar exposure units.
Answer: A
You might also like to view...
You work for a travel agency. Business has been slow, and you want to suggest some promotions targeted to specific market segments. What three demographic segmentation variables would you recommend using?
What will be an ideal response?
Using the Direct Method For the following question(s), indicate how each transaction described would be classified on a statement of cash flows if the operating activities section is prepared under the direct method. When using the direct method, where are salaries paid to employees reported on the statement of cash flows?
A) Operating activity B) Investing activity C) Financing activity D) Noncash investing and financing activity
Strategic fit requires alignment of product design with?
a. External fit b. Internal fit c. Both external and internal fit d. Neither external nor internal fit
Laws and regulations that have an impact on how nonprofit firms operate are part of the ________ factors that impact the marketing efforts for these firms.
Fill in the blank(s) with the appropriate word(s).