Question 1

A mutual insurance company is a nonprofit organization.

Accepted Answer

A) True 
 B)False

Question 2

Risk management is concerned only with risks to individuals and businesses.

Accepted Answer

A) True 
 B)False

Question 3

The car insurance premium charged for young male drivers is higher than the premium for young female drivers. This is due to the rule of indemnity.

Accepted Answer

A) True 
 B)False

Question 4

Risk management now includes the evaluation of:

Accepted Answer

A)  worldwide risks such as global warming. 
B)  worldwide issues such as poverty. 
C)  European issues such as the value of the euro. 
D)  political risks in South America. 
A)  worldwide risks such as global warming. 
B)  worldwide issues such as poverty. 
C)  European issues such as the value of the euro. 
D)  political risks in South America.

Question 5

A surety bond protects employers from employee dishonesty.

Accepted Answer

A) True 
 B)False

Question 6

An insurance premium is the fee charged by the insurance company in return for their promise to pay for all or part of a loss.

Accepted Answer

A) True 
 B)False

Question 7

Fairweather Farms is located on Florida's Gulf Coast and is primarily engaged in raising and harvesting citrus fruit. The owners of Fairweather Farms are correct in beginning to think about how the risk of climate change might impact their crops in the future.

Accepted Answer

A) True 
 B)False

Question 8

Insurance companies will provide coverage only for losses that are accidental.

Accepted Answer

A) True 
 B)False

Question 9

Organizations spend about __________ percent of gross domestic product on insurance premiums.

Accepted Answer

A)  2 
B)  5 
C)  10 
D)  20 
A)  2 
B)  5 
C)  10 
D)  20

A mutual insurance company is a nonprofit organization.

Risk management is concerned only with risks to individuals and businesses.

The car insurance premium charged for young male drivers is higher than the premium for young female drivers. This is due to the rule of indemnity.

Risk management now includes the evaluation of:

A surety bond protects employers from employee dishonesty.

An insurance premium is the fee charged by the insurance company in return for their promise to pay for all or part of a loss.

Fairweather Farms is located on Florida's Gulf Coast and is primarily engaged in raising and harvesting citrus fruit. The owners of Fairweather Farms are correct in beginning to think about how the risk of climate change might impact their crops in the future.

Insurance companies will provide coverage only for losses that are accidental.

Organizations spend about __________ percent of gross domestic product on insurance premiums.

Taking Risks and Making Profits Within the Dynamic Business Environment

Understanding Economics and How It Affects Business

Doing Business in Global Markets

Demanding Ethical and Socially Responsible Behavior

How to Form a Business

Entrepreneurship and Starting a Small Business

Management and Leadership

Structuring Organizations for Todays Challenges

Production and Operations Management

Motivating Employees

Human Resource Management: Finding and Keeping the Best Employees

Dealing With Union and Employeemanagement Issues

Marketing: Helping Buyers Buy

Developing and Pricing Goods and Services

Distributing Products

Using Effective Promotions

Understanding Accounting and Financial Information

Financial Management

Using Securities Markets for Financing and Investing Opportunities

Money, Financial Institutions, and the Federal Reserve

Managing the Marketing Mix: Product, Price, Place and Promotion

Extension: Working Within the Legal Environment

Extension: Using Technology to Manage Information

Extension: Managing Personal Finances

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Exam 24: Extension: Managing Risk

A mutual insurance company is a nonprofit organization.

Risk management is concerned only with risks to individuals and businesses.

The car insurance premium charged for young male drivers is higher than the premium for young female drivers. This is due to the rule of indemnity.

Risk management now includes the evaluation of:

A surety bond protects employers from employee dishonesty.

An insurance premium is the fee charged by the insurance company in return for their promise to pay for all or part of a loss.

Fairweather Farms is located on Florida's Gulf Coast and is primarily engaged in raising and harvesting citrus fruit. The owners of Fairweather Farms are correct in beginning to think about how the risk of climate change might impact their crops in the future.

Insurance companies will provide coverage only for losses that are accidental.

Organizations spend about __________ percent of gross domestic product on insurance premiums.

Taking Risks and Making Profits Within the Dynamic Business Environment

Understanding Economics and How It Affects Business

Doing Business in Global Markets

Demanding Ethical and Socially Responsible Behavior

How to Form a Business

Entrepreneurship and Starting a Small Business

Management and Leadership

Structuring Organizations for Todays Challenges

Production and Operations Management

Motivating Employees

Human Resource Management: Finding and Keeping the Best Employees

Dealing With Union and Employeemanagement Issues

Marketing: Helping Buyers Buy

Developing and Pricing Goods and Services

Distributing Products

Using Effective Promotions

Understanding Accounting and Financial Information

Financial Management

Using Securities Markets for Financing and Investing Opportunities

Money, Financial Institutions, and the Federal Reserve

Managing the Marketing Mix: Product, Price, Place and Promotion

Extension: Working Within the Legal Environment

Extension: Using Technology to Manage Information

Extension: Managing Personal Finances

Filters