Which of the Following Is True of Insurance

question 94

Multiple Choice

Which of the following is true of insurance?

• A) All risks are insurable.
• B) An insurance company only charges a fee for large businesses with over 100 employees.
• C) Insurance companies make profits by requiring a relatively large fee compared to the amount of loss that is possible.
• D) The insurance company makes a profit by collecting premiums from many businesses for the same set of risks.

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Definitions:

Cell Reference

An identifier used in spreadsheet applications to specify the position of a cell within a worksheet, typically consisting of a column letter and row number.

Block Plus Pointer

A data structure technique that uses blocks for data storage and pointers to link and access those blocks.

Cancel Box

A GUI element, typically a button, that allows users to abort an operation or close a dialog window.

Clear All Button

A feature in software applications that allows users to remove all input or selected items with a single action, often found in forms or interfaces with multiple data entry fields.