From the viewpoint of the insurer, all of the following are characteristics of an ideally insurable risk EXCEPT
A) The loss must be accidental.
B) The loss should be catastrophic.
C) The premium must be economically feasible.
D) There must be a large number of exposure units.
Answer: B
Business
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Goodwill may be recorded when:
a. it is identified within a company. b. one company acquires another in a business combination. c. the fair value of a company's assets exceeds their cost. d. a company has exceptional customer relations.
Business
Which of the following is NOT a benefit of e-mail?
a. E-mail reaches people more quickly than letters or memorandums. b. E-mail can be easily discarded when the message does not have to be kept. c. E-mail relieves the recipient from playing "telephone tag." d. E-mail is private because it requires the use of a password to access it.
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