Multiple Choice
Which of the following is not a direct social benefit of the insurance mechanism?
A) Increased business and social stability
B) Better allocation of society's resources
C) Better choice of optimum size of business operations
D) Lower federal and state income taxes
Correct Answer:
Verified
Correct Answer:
Verified
Q25: In the context of ERM, hazard risk
Q26: Which of the following would not normally
Q27: Diversifiable risk is defined as:<br>A) risk with
Q28: "Loss" and "chance of loss" are terms
Q29: Catastrophic losses are not insured by the
Q31: An insurance applicant dying from cancer is
Q32: The most difficult and important step in
Q33: Which of the following is an accurate
Q34: If a person installs an automatic sprinkler
Q35: All the following are direct losses<u> except</u>:<br>A)