Whitewater Rapids Provides Canoes to Tourists Eager to Ride Whitewater

question 70

Multiple Choice

Whitewater Rapids provides canoes to tourists eager to ride Whitewater River's rapids.Management has determined that there is one chance in a thousand of a customer being injured or killed.Settlement of resulting lawsuits has an average cost of $650,000.Insurance with a $50,000 deductible is available.It covers the costs of lawsuits,unless there is evidence of criminal negligence.What is the impact of this risk without insurance?

• A) $50
• B) $650
• C) $50,000
• D) $650,000

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Definitions:

New York-based

Describing a person, organization, or entity located or headquartered in New York.

Breach of Contract

Failure to perform any term of a contract, written or oral, without a legitimate legal excuse.

Extreme Weather Conditions

Unusual, severe, or unseasonal weather patterns that can lead to significant impacts on human health, the environment, and infrastructure.