Examine the following list of "risks." Determine which of these are "pure risks."
I. The risk that your antique Corvette will depreciate in market value
II.
The risk that you will have a collision in your Corvette, thus causing you to spend thousands of dollars in repair costs
III. The risk that someone will steal your Corvette
IV. The risk that you will buy a house and lightning will strike your roof, thus causing you to have to purchase a new roof
V. The risk that you will invest your life savings in a business venture that fails, thus causing you to lose your entire investment
A) I, II, III, IV, and V
B) I, II, and IV
C) I, II, III, and IV
D) II, III, and IV
D
You might also like to view...
The inventory valuation method that has the advantages of assigning an amount to inventory on the balance sheet that approximates its current cost, and also mimics the actual flow of goods for most businesses is:
A. FIFO. B. LIFO. C. Weighted average. D. Specific identification. E. Lower of cost or market.
In data gathering, despite various warnings, unfortunately, ______ often trumps accurate data and careful diagnosis.
a. speed b. consistency c. bias d. diligence
Commercial banking practices consider a check that has been outstanding for three months to be a stale check
Indicate whether the statement is true or false
A new model for software distributions is the ____________________ model, where you pay an annual fee for as long as you wish to use the software.
Fill in the blank(s) with the appropriate word(s).