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 551 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?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Successful agriculturalists must have a basic understanding of landscape structure and process. Thes Successful agriculturalists must have a basic understanding of landscape structure and process. Thes
Private Practice Massage Therapy Business Plan Private Practice Massage Therapy Business Plan
Legal Environment of Business: Online Commerce, Ethics, and Global Issues (Cheeseman) Legal Environment of Business: Online Commerce, Ethics, and Global Issues (Cheeseman)
Business Math Question Solution Business Math Question Solution
Business Mathematics in Canada, 11e (Jerome, Worswick) Business Mathematics in Canada, 11e (Jerome, Worswick)
The business trip grade 1 The business trip grade 1
Video: Structures that affect circulation - venous return

For a complete list of videos, visit our video library