Which of the Following Statements About Insurance Is NOT Correct

question 20

Multiple Choice

Which of the following statements about insurance is NOT correct?

• A)The insurance premium is calculated on the basis of the risk insured.
• B)Insurance is a means for people and businesses to protect themselves against the risk of loss.
• C)It is possible to insure against both speculative and pure loss.
• D)It is possible to insure against loss caused by natural disasters or legal action.

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Definitions:

Privacy Paradox

The phenomenon where individuals express concern about their privacy but engage in behavior that compromises their privacy online.

Social Privacy

The aspect of privacy concerning an individual's management of data, information, and interactions in a social context, including social media and other forms of online communication.

Brand Ambassadors

Individuals, either customers or hired influencers, who promote and represent a brand's values and products to a wider audience, often through social media.

Devotees

Individuals who are extremely passionate or loyal to a specific brand, product, or cause.