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myrzilka [38]
3 years ago
13

QUESTION 1 A factor that increases the likelihood of a loss is known as a _______ . 1. Premium 2. Peril 3. Hazard 4. Risk 1 poin

ts QUESTION 2 When we take steps to reduce the occurrence or severity of a risk we are practicing 1. risk avoidance. 2. risk reduction. 3. risk assumption. 4. risk shifting. 1 points QUESTION 3 A situation in which a person is held responsible for the actions of another person is 1. negligence. 2. property damage liability. 3. vicarious liability. 4. comprehensive coverage. 1 points QUESTION 4 A higher deductible amount will reduce the amount paid for collision and comprehensive physical damage insurance. True False 1 points QUESTION 5 Renters property insurance would include coverage for
Business
1 answer:
Paladinen [302]3 years ago
8 0

A factor that increases the likelihood of a loss is known as a 3.<u>hazard</u>

When we take steps to reduce the occurrence or severity of a risk we are practicing<u> 2. Risk Reduction</u>

A situation in which a person is held responsible for the actions of another person is <u>3. Vicarious liability</u>

A higher deductible amount will reduce the amount paid for collision and comprehensive physical damage insurance. <u>TRUE</u>

<u />

Explanation :

  • A hazard is any factor that increases the chance of loss. A hazard is an agent which has the potential to cause harm to a vulnerable target. Hazards can be both natural or human induced. Sometimes natural hazards such as floods and drought can be caused by human activity.
  • Risk Reduction is a measures to reduce the frequency or severity of losses, also known as loss control. May include engineering, fire protection, safety inspections, or claims management.
  • Vicarious liability, also known by the Latin term respondeat superior is the holding of a person or entity responsible for damages or harm caused by someone else. The legal principle of vicarious liability applies to hold one person liable for the actions of another when engaged in some form of joint or collective activity.
  • A deductible is the amount you pay for health care services each year before your health insurance begins to pay. The lower a plan's deductible, the higher the premium. You'll pay more each month, but your plan will start sharing the costs sooner because you'll reach your deductible faster.

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alexandr1967 [171]

Answer:

The economic principle governing the congressional package is known as economic stimuli.

Explanation:

The phenomenon of Economic stimuli is described as a change in economic or fiscal policy to enable economic growth in an economic slump. Some of the other activities may include dropping interest rate or quantitative easing.

7 0
3 years ago
What country first began to dismantle its welfare state? What was put in its place?
ANTONII [103]
Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

What country first began to dismantle its welfare state? <span>Chili. Democracy was restored.

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5 0
3 years ago
Which of these individuals is an entreneur ?
wlad13 [49]

Answer:

A. a computer programmer who starts her own software Company

Explanation:

Entrepreneurship is the process through which new businesses are started. An entrepreneur is a person who takes risks by committing their time and resources to start a business.

The computer programmer is the entrepreneur in this case. She is starting a new software business. Other than her computer skills, she will need to be creative and innovate to develop products that will appeal to customers. She will take all risks of her new business but also stand to enjoy its success.

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3 years ago
Why is it important for boolean expressions to be minimized in the design of digital circuits?
VladimirAG [237]

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4 0
3 years ago
A company purchases a machine for $12,000. The estimated residual value is $4,000. The machine has a useful life of 5 years, and
tatuchka [14]

Answer:

$2,400

Explanation:

The computation of the depreciation expense under the activity-based depreciation method is shown below:

= (Original cost - residual value) ÷ (estimated production units)

= ($12,000 - $4,000) ÷ (20,000 units)

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8 0
3 years ago
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