| A | B |
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| A real estate agent has the raponsibilit to show case several homes in order to sale to potential customers. How is the agent currently handling te risks? | Assume |
| What is the intrest amount for the following loan: $10,000 car loan for 5 years at 8% intrest rate? | $4,000 |
| GEICO Insurance Company opened several new offices to accomidate requests of policy holders for face-to-face contact. This is and example of which type of uninsurable risk? | Consumer demand |
| Many newspapers are experienceing fewer subscribers since more subscribers are now obtaning news from the Internet. This is an example of which type of uninsurable risk? | Technology change |
| Which is an example fo a service provided by a credit bureau? | Credit reports to other businesses |
| Sky Blue Credit Repair Compan assists clients with spending less on debt and eliminating credit problems. With which type of credit assistance does the company provide? | Credit counseling |
| Some customers recently learned that they can exchange wuilts purchased from tysons antique store over 25 years ago for higher prices than they were orginally purchased. Which typer of investment are the quilts? | Collectibles |
| Jenny charged $300 worth of gifts while shopping at several stores. WHich type of credit did Jenny use? | Credit card |
| A distributor remolded its facilities in order to offer a cariety of supplies to its customers. This is an example of which type of insurance risk? | Speculative |
| Which is an example of uninsurable risks? | PDQ's competitors are now picking up packages from residential homes. |
| Capital Bank reported John has both saving and checking accounts whith its financial institution. Which factor for granting credit related to documentation is the instituitons action? | Credit data |
| Mary needs a saving plan that will allow her to access her money as cash for potintial emergency needs. Which type of evaluation factor of saving is she considering? | Liquidity |
| A Sears Department Store sales associate gave a customer a form to complete to apply for a credit card. Which factor examined by creditors did the customer recieve? | Credit application |
| ABC Rental Company requires applicants to verify reputation for paying bills in order to determine potential credit risk. Which factor examined by creditors does the company require? | Credit report |
| Jenny has the option of borrowing $300 at a 3% interest rate. Which loan option would cost her the most money? | Option:4 loan for 1 year |
| The Electronics Company hires local delivery companies to set up equiptment. How does the company handle the risks of setting up equiptment? | Transfer |
| The Whole Foods Market provides workshops on how to prepare healthy meals. During the past three months, the attendence increasedd over 40%. This is an example of which type of uninsurable risk? | Consumer demand |
| Ted deposites money in a savings plan regularly. The interests he earns on this plan is indicative of how the money markets are doing. Which savings plan is he using? | Money market account |
| How much interest is earned on a balamce of $1,800 that is compounded semiannually at a 6% interest rate for account maintained for one year? | $109.62 |
| How much interest is earned on a balance of $1,000 for a certificate of deposite that is compounded at an 8% interest rate for account maintained for three years? | $259.71 |
| A-1 Cleaning Company has a contract with another company to take care of its customers' delicate fabrics. How does the company handle these risks? | Transfer |
| JCPenny makes sure all applicants are creditworthy before issusing any of them credit cards. Which regulation is JCPenny adhearing? | Equal Credit Opportunity Act |
| Mary makes prearranged equal payments monthly to Progree Enery. Whcih type credit did Mary use? | Charge account |
| What doinsuring personnel and property have in common? | Both provide coverage for costs of risks |
| RadioShack offers shares of stock to investors at a consitent rate of 6% without any voting rights. What type of stock is it offering? | Preferred stock |
| Tim has the option of borrowing $5,000 at a 3% interest rate form a local bank. Which loan option would allow Tim to pay the LEAST amount of money? | Option 1: loan for 6 months |
| A local food company filed an insurance claim to compensate employees who lost personal belongings in a company fire. This is an example of which type of insurance risk? | Economic |
| ABC Television Station cahgned its lineup of shows in response to a survey completes viewers. The station planned to increase its number of viewers for a seaon. How as the company handled the risks. | Assume |
| A chef allowed potential customers to taste sample dishes with plans for them to purchase several after tasting. This is an example of which type of insurance risk? | Speculative |
