Which statement is true with regard to risk and insurance?
I. Most speculative risks can be insured.
II. Insurance is a form of risk transfer.
(a) I only
(b) II only
(c) both I and II
(d) neither I nor II
Ans: (b) II only
Business
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Independent contractors perform services for others and are under others' control, just as employees are under the control of employers.
a. true b. false
Business
Which statement relating to chromatics is incorrect?
a. Chromatics can have negative and positive connotations. b. Americans and Japanese both wear black to funerals. c. Brides in India often wear red or yellow. d. In China, a green hat signifies that your wife or sister is a prostitute.
Business