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The risks that can be forecast and measured is termed___________

Commerce
JAMB 2019

The risks that can be forecast and measured is termed___________

  • A. Gambling
  • B. Insurable risks
  • C. Non-Insurable risks
  • D. Indenmity Insurance
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Correct Answer: Option B
Explanation

Insurable risks are the type of risks that is possible to collect, calculate and estimate the likely future losses.


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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709