Small Business Management Study Set 2
Quiz 23: Risk Management
Purchasing a Fidelity Bond on the Company Treasurer Is a Form
Purchasing a fidelity bond on the company treasurer is a form of risk ____. A) financing B) provisioning C) retention D) transfer
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Driving as safely as possible is an example of A) loss prevention. B) loss avoidance. C) loss reduction. D) loss control.
If a delivery truck is damaged in an accident, impairing the ability of a business to get its goods to customers, the type of loss incurred is a(n) A) pure loss B) indirect loss C) direct loss D) market loss
In its general form, a self-insurance program A) designates funds for property. B) designates funds for workers' compensation. C) is a contingency fund for potential losses, regardless of their source. D) is administered by an insurance company.
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