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 553 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?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Successful biological control of leafy spurge. Successful biological control of leafy spurge.
Using and Cleaning the Microscope Using and Cleaning the Microscope
Using and Cleaning the Microscope Using and Cleaning the Microscope
Private Practice Massage Therapy Business Plan Private Practice Massage Therapy Business Plan
International Business: The Challenges of Globalization International Business: The Challenges of Globalization
International Business Management International Business Management
Video: Appendicitis Animation

For a complete list of videos, visit our video library