Repair work that generates a capital expenditure because it extends a plant asset's useful life past the normal expected life is known as an extraordinary repair

In which of the following cases would the insurance company most likely cover the loss under a life insurance policy?

A) While taking her final pilot's test, Sandi losses control of her plane and dies in the crash. B) Frank's ski mask impairs his vision while he is robbing a bank, causing him to trip; he hits his head on the floor and is killed instantly. C) Joe, a retired army general, dies of a heart attack at age 85. D) While competing in the local county fair's derby race, Sanjay and Craig are both killed in an explosion as their cars collide."

You are considering buying some stock in Continental Grain. Which of the following are examples

of non-diversifiable risks? I. Risk resulting from a general decline in the stock market. II. Risk resulting from a possible increase in income taxes. III. Risk resulting from an explosion in a grain elevator owned by Continental. IV. Risk resulting from a pending lawsuit against Continental. A) II, III, and IV B) I only C) III and IV D) I and II