This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Jim and Paula Franklin started a dry cleaning business. The business may be successful or it may ... (Read 440 times)

nautica902

  • Hero Member
  • *****
  • Posts: 591
on: Jul 11, 2018
Jim and Paula Franklin started a dry cleaning business. The business may be successful or it may fail. The type of risk that is present when either a profit or loss could occur is called
 
  A) pure risk.
  B) subjective risk.
  C) nondiversifiable risk.
  D) speculative risk.

Question 2

All of the following are characteristics of the liability risk that most people face EXCEPT
 
  A) a lien may be placed on your income and assets to satisfy a legal judgment.
  B) substantial legal expenses may be incurred defending the claim.
  C) there is no upper limit on the amount of the loss.
  D) owning liability insurance eliminates the possibility of being held legally liable.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

abro1885

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: D

Answer to Question 2

Answer: D


nautica902

  • Hero Member
  • *****
  • Posts: 591
Reply #2 on: Jul 11, 2018
Correct answers!


abro1885

  • Sr. Member
  • ****
  • Posts: 337
Reply #3 on: Jul 11, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Rosalind Franklin Rosalind Franklin
Toussaint L’Ouverture leads a revolt of slaves against the French in Haiti—the first and only major Toussaint L’Ouverture leads a revolt of slaves against the French in Haiti—the first and only major
A typical beginning technician tool set that includes the basic tools to get started. A typical beginning technician tool set that includes the basic tools to get started.
Entrepreneurship: Starting and Operating a Small Business (3rd Edition) Entrepreneurship: Starting and Operating a Small Business (3rd Edition)
International Business: The Challenges of Globalization International Business: The Challenges of Globalization
Business Math Business Math
Video: Introduction to Herpes

For a complete list of videos, visit our video library