Author Question: Taylor Tobacco Company is concerned that the company may be held liable in a court of law and ... (Read 524 times)

melly21297

  • Hero Member
  • *****
  • Posts: 565
Taylor Tobacco Company is concerned that the company may be held liable in a court of law and ordered to pay a large damage award to a smoker harmed by the company's cigarettes.
 
  The characteristics of the judicial system that increase the frequency and severity of loss are known as
  A) moral hazard.
  B) particular risk.
  C) speculative risk.
  D) legal hazard.

Question 2

An earthquake is an example of a(n)
 
  A) moral hazard.
  B) peril.
  C) physical hazard.
  D) objective risk.



AmberC1996

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

Answer: D

Answer to Question 2

Answer: B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

AmberC1996

  • Sr. Member
  • ****
  • Posts: 317

 

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

For a complete list of videos, visit our video library