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POB 5.02 Review Flashcards | StudBud
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POB 5.02 Review
POB 5.02 Review
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Principles of Business 5.02 review.
Flashcards
22 cards
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Practice quiz
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Questions
22
Answers
1
A co. invested 30K and gained a 5% return. This is an example of which type of insurance risk?
Controllable
Insurable
Speculative
Economic
2
Which is an example of uninsurable risks?
Kroger Grocery Store has liability coverage.
FedEx covers property damaged by its drivers.
PDQ's competitors pick up packages from residential homes.
Tessa is receiving compensation after being injured at work.
3
A chef allowed customers to taste dishes..This is an example of which type of insurance risk?
Speculative
Uninsurable
Non-economic
Insurable
4
Hiring a local company to set up equipment handles the risks of setting up equipment how?
Insure
Transfer
Assume
Avoid
5
A salesman asks customers to try on outfits. This is an example of what type of insurance risk?
Speculative
Insurable
Uninsurable
Non-economic
6
Opening offices for face-to-face contacts. This is an example of what type of uninsurable risk?
Consumer demand
Local factors
Economic conditions
Technology change
7
Refering orders to another co.to maintain you reputation is handling what type of risk?
Assume
Transfer
Insure
Avoid
8
What do hospital and surgical types of insurance have in common? Both are available through:
state government assistance.
major medical insurance.
a comprehensive policy.
regular medical insurance.
9
Remodeling facilities to offer a variety of supplies is what type of insurance risk?
Controllable
Uninsurable
Speculative
Non-economic
10
A store relocated to increase profits. This is an example of which type of insurance risk?
Speculative
Uninsurable
Controllable
Non-economic
11
Paying back $30 for damages to customers is an example of which type of insurance risk?
Uncontrollable
Uninsurable
Economic
Pure
12
Newspapers are experiencing less subscribers. This is an example of what type uninsurable risk?
Business operations
Technology change
Local factors
Economic conditions
13
A store providing workshops to increase attendance is an example of what type uninsurable risk?
Consumer demand
Technology change
Local factors
Economic conditions
14
What do insuring personnel and property have in common?
Both provide coverage for day-to-day routines.
Both provide coverage for long-term care.
Both provide coverage for cost of risks.
Both provide coverage for loss of investments.
15
Walmart has installed self-checkouts for customers. Which uninsurable risk is this?
Technology change
Local factors
Economic conditions
Consumer demand
16
An agent shows many homes to sell a house. How is the agent currently handling the risks?
Economic
Pure
Uninsurable
Uncontrollable
17
Filing a claim for items lost in a company fire is an example of which type of insurance risk?
Pure
Economic
Uninsurable
Uncontrollable
18
If you contract with someone else to handle something. How do you company handle these risks?
Insure
Assume
Transfer
Avoid
19
A pawnshop waits the 30 days for payment on a pawn. How does the shop handle risks?
Avoid
Assume
Insure
Transfer
20
A TV station changing its lineup in response to a survey to increase viewers handles the risks?
Assume
Avoid
Insure
Transfer
21
HD ordering more seeds due to increased sales is an example of which type of uninsurable risk?
Economic conditions
Local factors
Consumer demand
Technology change
22
Keeping old shampoo packaging because new is too expensive is handling the risk by?
Transfer
Insure
Avoid
Assume