Match the Term with Its Definition

question 36

Multiple Choice

Match the term with its definition.
-A cause of loss, either through natural events or through the actions of people

• A)all-risk approach
• B)business risk
• C)compensatory damages
• D)Economic damages
• E)health maintenance organization (HMO)
• F)market risk
• G)named-peril approach
• H)peril
• I)preferred provider organization (PPO)
• J)pure risk

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Definitions:

ROE

Return on Equity, a financial performance metric determined by dividing net income by shareholders' equity.

Industry Life Cycle

The stages through which an industry goes from its inception to its decline, typically categorized as introduction, growth, maturity, and decline.

Necessities

Basic needs required for sustaining human life, such as food, water, shelter, and clothing.

Income

Money received, especially on a regular basis, for work or through investments.