All of the Following Are Occasions When Risks Can Be

question 51

Multiple Choice

All of the following are occasions when risks can be insured EXCEPT

• A)when the risk is calculable.
• B)when the value of any loss is measurable in dollars.
• C)when the pool of potential policyholders is of sufficient size.
• D)when the policyholder has an insurable personal interest.

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Definitions:

Imports

Goods or services that are brought into a country from abroad for sale.

Demonstrations

Public gatherings where individuals collectively show their support or opposition toward a particular cause or policy.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale.

WTO

World Trade Organization, an intergovernmental organization that regulates international trade by providing a framework for negotiating trade agreements and a dispute resolution process to enforce participants' adherence to trade agreements.