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A risk that can be estimated and calculated to be compensation is?

Commerce
JAMB 2009

A risk that can be estimated and calculated to be compensation is?

  • A. a delivery risk
  • B. an insurable risk
  • C. a credit risk
  • D. a systematic risk
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Correct Answer: Option B
Explanation

Insurable risks are risks that insurance companies will protect you against because it is possible to estimate and calculate the loss.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Your School's Whatsapp Group - Join Us now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts