BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Your father expresses concern about how your mother will pay the bills in the event of his death. What type of insurance is needed?
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health insurance
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disability insurance
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life insurance
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long term care insurance
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Explanation:
Detailed explanation-1: -Hazard: Condition that increases the probability of loss.
Detailed explanation-2: -The correct answer is b. It is an example of speculative risk. In pure risk, there is no chance of any gain. In a speculative risk, there is a chance of a potential loss or gain.
There is 1 question to complete.