Possibility Study guides, Class notes & Summaries

In the insurance business, risk can best be defined as: A. sharing the possibility of a loss B. uncertainty regarding the future C. uncertainty regarding financial loss D. uncertainty regarding when death will occur - Answer- C. The concept of insurance developed from the need to minimize the adverse effects of risk associated with the probability of financial loss. Which of the following risks is insurable? A. pure risks B. gambling C. speculative risks D. investing - Answer- A....

MAC3703 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 (663679) - DUE 15 April 2024 ;100% TRUSTED workings, explanations and solutions. for assistance Whats-App.......0.6.7..1.7.1..1.7.3.9......... QUESTION 1 (20 MARKS) DNF Waste & Environmental Services (DNF) is an Environmental Management and Waste Management Services Company that was created in 2008. It is one of the leading waste and environmental management service providers in South Africa. DNF is a 100% Black woman owned business and is...

Bribery correct answer: an attempt to influence the decisions of a procurement professional through enticement with a POTENTIAL PERSONAL BENEFIT How is bribery different than conflict of interest? correct answer: bribery is the benefit RECEIVED by procurement is SPECIFICALLY in exchange for a PARTICULAR RESULT Conflict of Interest (COI) correct answer: the POSSIBILITY of influence by a PERSONAL or FINANCIAL interest, and the potential benefit to employee is undefined Statewide Procur...

Assume you're applying for a life insurance policy. During his presentation, the insurance agent makes the following statements. Are they all true? (Select all that apply.) a. People buy insurance to reduce the financial risk they face but not every type of risk is insurable. b. both pure risks and speculative risks are insurable. c. most life insurance policies are valued contracts, which state at the time of policy issue the time amount of the benefit payable when the insured person ...

LEED V4 CREDITS AND EXEMPLARY PERFORMANCE (Testing over credit Values and Exemplary Performance Possibility) SOLVED TO PASS!!

Admitted Insurance Company vs. Non-Admitted Insurance Company - An admitted insurance company is authorized to transact insurance in California because it has a Certificate of Authority granted by the California Department of Insurance (CDI) A non-admitted insurance company is not authorized to transact insurance in California because of failing to comply with California requirements or did not seek admission Pure Risk vs. Speculative Risk - Pure risks are insurable but Speculative risks ar...

3 points of mystification CORRECT ANSWER 1. who has access to art 2. possibility of multiple explanations of the piece influenced by a person's experience 3. form/composition/color elevated to extreme heights; loses meaning 4 ways reproductions affect meaning CORRECT ANSWER 1. Fragments meaning 2. Distort 3. Loses originality 4. Changes context 4 things about oil painting CORRECT ANSWER 1. Social status 2. Idea of Possession 3.Type of Currency 4. Allowed imagery with texture (revol...

Property and Casualty Insurance EXAM 1. Specific insurance: This type of insurance designates a particular item to be insured 2. Blanket insurance: This type of insurance covers more than one item of property at a single location or one more items of property at multiple locations. 3. Speculative: possibility of both gain and loss. Not insurable. 4. Pure: only the possibility of loss. Insurable.

Alabama Life & Health Insurance Exam Questions and answers Which of the following would be considered a speculative risk? - ANSWER-The possibility the painting you bought might be a long-lost masterpiece A speculative risk is one in which there is a chance for either loss or gain. Example: Gambling, Casino's, Lottery, etc. All of the other choices describe pure risk, where there is no chance of gain, only a chance of loss exists. Which is the proper term for a company owned by its poli...

ATI, Virtual ATI predictor, Comprehensive predictor test Verified/Correct answers, VATI Greenlight, VATI (Q & A Bank 2023) New TESTBANK The nurse knows that a modifiable risk factor related to reducing the possibility of a second myocardial infarction would be which factor? {{Ans- . Change of diet to reduce fat intake The nurse cares for the client who returned from a traditional cholecystectomy 45 minutes ago. Since that time, the client's NG tube has been draining 75-100 mL per hour and ...