WGU C214 FINANCIAL MANAGEMENT COMPLETE EXAM STUDY GUIDE VERIFIED QUESTIONS AND ANSWERS 2025/2026(ALL YOU NEED TO PASS)

WGU C214 FINANCIAL MANAGEMENT COMPLETE EXAM
STUDY GUIDE VERIFIED QUESTIONS AND ANSWERS
2025/2026(ALL YOU NEED TO PASS)

Risk - (ANSWERS)The chance of financial loss due to events like accidents, illness,
or damage

Insurance - (ANSWERS)A way to manage financial risk by sharing costs among
many people

Premium - (ANSWERS)The regular payment made to keep insurance coverage

Claim - (ANSWERS)A request for an insurance company to pay for a covered loss

Deductible - (ANSWERS)The amount you pay out-of-pocket before insurance starts
to pay

Coinsurance (Coverage Rate) - (ANSWERS)The percentage of costs the insurance
company pays after the deductible

Higher deductible effect - (ANSWERS)Higher deductible usually means a lower
premium

Lower deductible effect - (ANSWERS)Lower deductible usually means a higher
premium

Liability auto insurance - (ANSWERS)Covers injuries and damages you cause to
others; required by law

Collision insurance - (ANSWERS)Covers damage to your car from an accident

Comprehensive insurance - (ANSWERS)Covers non-accident damage like theft,
weather, or animals

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