Test
POB 5.02 Review
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Preguntas del test (17)
1Which represents a natural risk for the owner of a delivery service?
- Asnowstorm
- Baccident
- Crising prices
- Dgovernment intervention
2A business selects goods or services to sell. Which type of risk is this business using?
- Atransferring risk
- Bcontrolling risk
- Cbypassing risk
- Davoiding risk
3Which is an example of a speculative business risk?
- AA special promotion fails to increase sales.
- BA supplier's shipment is lost in transit.
- CA cashier gives unauthorized discounts to friends.
- DA customer is injured at a business and sues the company.
4One way a business can reduce the risk of accidents in the workplace is by providing its employees with:
- Asafety training.
- Belectronic data interchange (EDI).
- Csupply manuals.
- Dweight-loss programs.
5Many businesses use a variety of security precautions in order to protect the businesses from:
- Anatural disasters.
- Bthe risk of theft.
- Ceconomic depressions.
- Dthreat of foreclosure.
6Sam works for a construction company. Yesterday he forgets to put on his hard hat prior to entering the construction site. Sam is said to be:
- AIn compliance
- BOut of compliance
- CSafe
- DIgnorant
7Bob works at the sawmill. While operating the electric saw, Bob notices one of the bolts has become loosened. He stops his work immediately and reports the incident to his site manager because of the:
- ASecurity risk
- BChemical hazard
- CNon-economic risk
- DImminent Danger
8A local food company filed an insurance claim to compensate employees who lost personal belongings in a company fire. This is an example of which type of insurance risk?
- AEconomic
- BPure
- CUncontrollable
- DUninsurable
9Which is an example of uninsurable risks?
- AFedEx covers property damaged by its drivers.
- BKroger Grocery Store has liability coverage.
- CFedEx's competitors are now picking up packages from residential homes.
- DTessa is receiving compensation after being injured at work.
10A company chooses not to carry a line of products that appears to be especially easy to shoplift. Risk from not carrying the product line is:
- AAvoided
- BReduced
- CTransferred
- DRetained (Assumed)
11When it rains, Walmart place rubber mats in the entryways of their doors. By placing the mats during bad weather, Walmart is:
- ARetaining the risk
- BAvoiding the risk
- CTransferring the risk
- DReducing the risk
12It would cost a cosmetic company at least $1.49 for each bottle in order to produce a new line of shampoo. The company decided to continue with its original production instead of adding the new product. How did the company handle the potential risks?
- AAssume
- BAvoid
- CTransfer
- DInsure
13Real property is:
- AJewelry
- BLand or anything attached to it
- CProperty that is inside the home
- DCash
14ABC Company has major damage to the facility due to an electrical fire. They are forced to close their operations down for two months while the building is being repaired. What type of insurance covers this type of damage?
- APersonal Property Insurance
- BWorkers Compensation Insurance
- CBusiness Interruption Insurance
- DOSHA Insurance
15Suzanne wants a personal insurance policy that will include features of basic and major medical health insurance, dental care, and vision care. What type of policy does she need?
- AComprehensive
- BSurgical
- CVision
- DHospital
16Randle's boss had insurance that would provide payments to him while he was at home recovering from a back injury that occurred at work. What type of insurance does Randle's boss have?
- AWorkers Compensation
- BLiability Coverage
- CBusiness Interruption
- DMajor Medical
17Sally works for Nash-Rocky Mount Schools. She is 36 years old and decides that she needs life insurance. Other than covering her funeral expenses, she would like to have the option to be able to use the money she invests before she dies on purchasing expensive items like vacations, college, and a new home. She only has this option if she invests in what type of life insurance?
- ATerm life insurance
- B401K
- CPermanent life insurance
- DWorkers Compensation
Información
- Descripción
- High School Principles of Business Test sobre POB 5.02 Review, creado por Tara McDonald el 20/02/2017.
- Autor
- Tara McDonald
- Idioma
- English
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- 674
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- Valoración
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