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Central Insurance School Exam | Questions with 100% Correct Answers | Verified | Latest Update 2024
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The owner of a camera store is worried that her new employees may help themselves to items from inventory without paying for them. What kind of hazard is described? A. Physical hazard B. Ethical hazard C. Morale hazard D. Moral hazard - moral hazard Which of the following statements is correct? A. Only speculative risks are insurable B. Only pure risks are insurable C. Both pure risks and speculative risks are insurable. D. Neither pure risks nor speculative risks are insurable - Only pure risks are insurable. Buying insurance is one of the most effective ways of A. avoiding risk B. transferring risk C. reducing risk D. retaining risk - Transferring risk
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