100 Pure Risk differs from Business Risks because Pure Risk's _____ .A. include chances of both profit or loss associated with the business.B. include chances of loss and no chances for profit associated with the business.C. must incur personal loss with business liability.D. must incur business liability associated with loss of pure profit.E. B and C

100 Pure Risk differs from Business Risks because Pure Risk's _____ .

A. include chances of both profit or loss associated with the business.

B. include chances of loss and no chances for profit associated with the business.

C. must incur personal loss with business liability.

D. must incur business liability associated with loss of pure profit.

E. B and C


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Risks include the following types:A Business riskB pure riskC Insurable riskD A and BE All of the above.

Pure Risk differs from Business Risks because Pure Risk's _____ .A include chances of both profit or loss associated with the business.B include chances of loss and no chances for profit associated with the business.C must incur personal loss with business liability.D must incur business liability associated with loss of pure profit.E B and C

Using the possible profit and loss outcomes shown in the Special window, find the expected profit (loss)A ¥-1,000B ¥1,000C ¥2,000D ¥1,200E None of the above

The type of contract (payment mechanism) chosen for a project is often a reflection of the degree of risk associated with completing that project. For a firm fixed price contract, payment for risk _____ .A Is accomplished by paying the actual costs to the contractor.B Is accomplished by paying the contractor for his costs plus a fixed fee (profit).C Is an undisclosed contingency in the contractor's bid.D Is accomplished by paying for the budgeted costs of dealing with risks, as predicted in the project risk assessment.E B and C

Risk can be divided into two basic types; business risk and pure (or insurable risk). Of the following, which one(s) fall(s) under business risk?A liability lossB direct property lossC profit lossD personnel-related lossE B and C

Which of the following is most closely associated with pure risk:A profit and lossB personnel turnoverC insuranceD market fluctuationsE A and D only

Which of the following is most closely associated with business risk:A profit and lossB personnel turnoverC workmen's compensationD liability insuranceE All of the above.

124 Which of the following is most closely associated with business risk:A. profit and lossB. personnel turnoverC. workmen's compensationD. liability insuranceE. All of the above.

84 Risk can be divided into two basic types; business risk and pure (or insurable risk). Of the following, which one(s) fall(s) under business risk?A. liability lossB. direct property lossC. profit lossD. personnel-related lossE. B and C

93 The type of contract (payment mechanism) chosen for a project is often a reflection of the degree of risk associated with completing that project. For a firm fixed price contract, payment for risk _____ .A. Is accomplished by paying the actual costs to the contractor.B. Is accomplished by paying the contractor for his costs plus a fixed fee (profit).C. Is an undisclosed contingency in the contractor's bid.D. Is accomplished by paying for the budgeted costs of dealing with risks, as predicted in the project risk assessment.E. B and C

163 Many companies self insure against some risk. Problems which can arise from self-insurance include:A. failure to reserve funds to handle worst case scenarios (low probability events) resulting in severe financial damage to the companyB. stiff competition from insurance companiesC. confusion of business risks with insurable risks.D. A and CE. All of the above

182 Pure Risk differs from Business Risks because Pure Risk's _____ .A. include chances of both profit or loss associated with the business.B. include chances of loss and no chances for profit associated with the business.C. must incur personal loss with business liability.D. must incur business liability associated with loss of pure profit.E. B and C

6 Which of the following is most closely associated with business risk:A. profit and lossB. personnel turnoverC. workmen's compensationD. liability insuranceE. All of the above

15 Which of the following is most closely associated with pure risk:A. profit and lossB. personnel turnoverC. insuranceD. market fluctuationsE. A and D only

15 Risks include the following types:A. Business riskB. pure riskC. Insurable riskD. A and BE. All of the above

113 Using the possible profit and loss outcomes shown in the Special window, find the expected profit (loss)A. ($1000)B. $1000C. $2000D. $1200E. None of the above

● () is most closely associated with business risk. ()A. profit and loss B. personnel turnoverC. workmen’s compensation D. liability insurance

Commonalties of nonrecognition transactions include that.I. deferring a loss is mandatory on like-kind exchanges.II. deferring a loss is mandatory on involuntary conversions?() A.Only statement I is correctB.Only statement II is correctC.Both statements are correctD.Neither statement is correct

An underwriter is liable for ______.A.loss arising from the subject itself because of its inherent qualitiesB.loss caused by the ordinary evaporation of liquidsC.loss caused by heavy weatherD.the natural decay of the vessel due to the passage of time

There can be no question about the value of a safety program.From a financial standpoint alone,safety pays off.The fewer the injury( ),the better the workman’s insurance rate.This may mean the difference between operating at a profit or at a loss.A.claimsB.reportsC.declarationsD.proclamations

Insurance (保险) may be considered a game of risk in which individuals and businesses protect themselves, their families, and their property from possible losses resulting from unpredictable events such as storms, fires, accidents and illnesses. The first rule of the game, devised centuries age, is "share the risk". To play by this rule, many people take a small loss in place of one person′ s taking a large one. It is a simple idea: an individual pays a small amount of money called a premium (保险费) to an agent who acts on behalf of an insurance company, or underwriter, which holds the individual′s premium and the premiums paid by thousands of others. The individual receives an insurance policy, a promise that if there is a loss to the individual as defined in the policy the insurance company will pay for it. The funds will come from the individual′s premium, the premium paid by others who did not have losses, and money from the company′ s investment of all the premiums. An individual who does not have a loss loses the premium money but purchases what insurance underwriters call "peace of mind". It is a gamble for the customer and the underwriter, but it is built on the first rule of risk that losses are small when shared by many. Which of the following statements is true?A.Premium is a small amount of money you pay for your losses.B.If an individual didn't have a loss, premium was not wasted, because he didn't need to worry about unpredictable events.C.An insurance agent holds premiums paid by the thousands.D.The premium will be refund if an individual does not have a lose.

Insurance (保险) may be considered a game of risk in which individuals and businesses protect themselves, their families, and their property from possible losses resulting from unpredictable events such as storms, fires, accidents and illnesses. The first rule of the game, devised centuries age, is "share the risk". To play by this rule, many people take a small loss in place of one person′ s taking a large one. It is a simple idea: an individual pays a small amount of money called a premium (保险费) to an agent who acts on behalf of an insurance company, or underwriter, which holds the individual′s premium and the premiums paid by thousands of others. The individual receives an insurance policy, a promise that if there is a loss to the individual as defined in the policy the insurance company will pay for it. The funds will come from the individual′s premium, the premium paid by others who did not have losses, and money from the company′ s investment of all the premiums. An individual who does not have a loss loses the premium money but purchases what insurance underwriters call "peace of mind". It is a gamble for the customer and the underwriter, but it is built on the first rule of risk that losses are small when shared by many. The money the insurance used to pay for an individual′ s loss comes from ___________.A.the premium paid by the person previouslyB.the insurance company's investmentC.the premiums paid by other personsD.all of the above

Insurance (保险) may be considered a game of risk in which individuals and businesses protect themselves, their families, and their property from possible losses resulting from unpredictable events such as storms, fires, accidents and illnesses. The first rule of the game, devised centuries age, is "share the risk". To play by this rule, many people take a small loss in place of one person′ s taking a large one. It is a simple idea: an individual pays a small amount of money called a premium (保险费) to an agent who acts on behalf of an insurance company, or underwriter, which holds the individual′s premium and the premiums paid by thousands of others. The individual receives an insurance policy, a promise that if there is a loss to the individual as defined in the policy the insurance company will pay for it. The funds will come from the individual′s premium, the premium paid by others who did not have losses, and money from the company′ s investment of all the premiums. An individual who does not have a loss loses the premium money but purchases what insurance underwriters call "peace of mind". It is a gamble for the customer and the underwriter, but it is built on the first rule of risk that losses are small when shared by many. The word "policy" in the 2nd paragraph most probably means ___________.A.a risk between individual and insurance companyB.a shared lossC.an agreement between an individual and an underwriter.D.a rule made by the individual

When a business suffers a security breach, there are be serious ramifications. What is one of the immediate impacts that the business can suffer because of a security breach?()A、 loss of retail salesB、 loss of customer faithC、 disruption of business operationsD、 inability to deliver products or services

When a business suffers a security breach, there can be serious ramifications. What is one of the immediate impacts that the business can suffer because of a security breach?()A、 loss of retail salesB、 loss of customer faithC、 disruption of business operationsD、 inability to deliver products or services

单选题She was very ______ because she made a ______ of £10,000 on the sale of her house.Ahappy; loss Bsorry; fortune Cpleased; profit Dsad; benefit

单选题Since red flags are likely to be raised at the IRS by the reporting of gambling income, business owners who declare their income as business revenue is less likely to receive an audit.ASince red flags are likely to be raised at the IRS by the reporting of gambling income, business owners who declare their income as business revenue is less likely to receive an andit.BBecause the reporting of gambling income is likely to raise red flags at the IRS, business owners can reduce their chances of receiving an audit by declaring that income as business revenue.CBusiness owners can reduce their chances of receiving an audit by declaring the income as business revenue, since the reporting of gambling income is likely to raise red flags at the IRS.DTheir chances of receiving an audit are reduced by business owners who report that income as business revenue. because the reporting of gambling income is likely to raise red flags at the IRS.EThe reporting of that income as business revenue can reduce the chances of business owners of receiving an audit, because of the red flags not having been raised at the IRS by the reporting of gambling income.