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1. How would a moving and storage company benefit from purchasing insurance to cover customers' goods while in transit?
A) More capital for business ventures
B) Provides a feeling of security
C) Greater acquisition potential
D) Opportunity for more subscription policies
2. An insurer's agency or production department is the equivalent of which department in other businesses?
A) Sales and marketing
B) Information technology and business services
C) Finance and production
D) Administration and human resources
3. Antonio lights a firecracker and throws it to Brett. Brett tosses it to Sandra. Sandra catches it and throws it to Celina. It explodes in Celina's hands, injuring her. Who is the immediate cause of the loss?
A) Antonio and Brett
B) Brett
C) Sandra
D) Celina and Antonio
4. Which role is directly employed by the Canadian property and casualty insurance industry?
A) Health professional
B) Lawyer
C) Travel agent
D) Mechanic
5. Which is a pre-loss objective of risk management for an organization?
A) External obligations
B) Sustained growth
C) Operational continuity
D) Business development
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: C |
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