Ask Question
BusinessBusiness
21 August, 17:40

You purchase fire insurance

a. Reduction

b. Transfer

+3
Answers (1)
  1. 21 August, 19:57
    0
    Transfer

    Explanation:

    Risk transfer is a risk management and control strategy that involves the contractual shifting of a pure risk from one party to another. One example is the purchase of an insurance policy, by which a specified risk of loss is passed from the policyholder to the insurer
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “You purchase fire insurance a. Reduction b. Transfer ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
On Monday morning you sell one June T-bond futures contract at 97:27, that is, for $97,843.75. The contract's face value is $100,000. The initial margin requirement is $2,700, and the maintenance margin requirement is $2,000 per contract.
Answers (1)
Anson Industries, Inc. reported the following information on its 20Y1 income statement: Sales ... $4,000,000 Cost of goods sold ... 2,300,000 Operating expenses ... 1,000,000 Income tax expense ... 280,000 Other comprehensive income ... 450,000 a.
Answers (1)
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $32 per share. Later in the year, the company decides to repurchase 100 shares at a cost of $35 per share.
Answers (1)
The average number of children that a woman must bear to sustain the size of an existing population is
Answers (1)
Hoi Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 171,000 kilometers during a year, the average operating cost is 13.5 cents per kilometer.
Answers (1)
New Questions in Business
Ben learns that the company was going to be laying off several employees over the next several months. He knew that the rumor mill was going to start, and he wanted to head off mis-information and get ahead of the curve.
Answers (1)
A new investment product, housing revenue bonds, requires expertise in back-office processes, accounting policy, legal issues, and, of course, a portfolio manager's judgment on value.
Answers (2)
A potato chip manufacturer currently has a manufacturing line devoted to regular chips as well as individual lines dedicated to each variety, such as barbeque, sour cream and onion, and cheese.
Answers (1)
Which of the following is an example of procedural norms? method of making decisions format of discussion election of leaders all of the above
Answers (1)
What pouch stores bile?
Answers (1)
Home » Business » You purchase fire insurance a. Reduction b. Transfer
Sign Up Forgot Password?