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

Author Question: Which of the following statements regarding insurance and gambling is (are) true? I. Insurance is ... (Read 144 times)

Hungry!

  • Hero Member
  • *****
  • Posts: 1,071
on: Jul 11, 2018
Which of the following statements regarding insurance and gambling is (are) true?
 
  I. Insurance is used to handle existing pure risks, while gambling creates a new speculative risk.
  II. Insurance usually involves risk avoidance, while gambling typically involves only risk reduction.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

In addition to marketing life insurance, life insurers typically sell which of the following products? I. Retirement annuities II. Disability income insurance
 
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ahnyah

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: C


Hungry!

  • Hero Member
  • *****
  • Posts: 1,071
Reply #2 on: Jul 11, 2018
Thank you :)


Ahnyah

  • Sr. Member
  • ****
  • Posts: 336
Reply #3 on: Jul 11, 2018
Happy to help you


« previous next »
 

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

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?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

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

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

True-color view of Mars seen through NASA's Hubble Space Telescope in 1999 True-color view of Mars seen through NASA's Hubble Space Telescope in 1999
Sample of an insurance card. Sample of an insurance card.
How to convert verbal statements into algebraic equations (Part 3) How to convert verbal statements into algebraic equations (Part 3)
How to convert verbal statements into algebraic equations (Part 4) How to convert verbal statements into algebraic equations (Part 4)
Anterosuperior view of true pelvis (blue) Anterosuperior view of true pelvis (blue)
A diagram showing one of Mendel’s crosses. True-breeding strains of pea plants with smooth and ... A diagram showing one of Mendel’s crosses. True-breeding strains of pea plants with smooth and ...
Video: Nucleic acid digestion - brush border enzymes, end products & transport mechanism

For a complete list of videos, visit our video library