1. 5.02 – Risk and Insurance Review Game
Principles of Business and Finance

3. Types of Risk
Risk MGMT
General Ins
Uninsurable Risk
100
100
100
100
200
200
200
200
300
300
300
300
400
400
400
400

4. Types of Risk 100
A store relocated to a larger building with plans to increase its profits and target market. Which type or risk is this?
Controllable
Speculative
Uninsurable
Home

5. Types of Risk 200
A chef allowed potential customers to taste sample dishes with plans for them to purchase several after the tastings. This is an example of which type of insurance?
Insurable Speculative Non-Econ
Home

6. Types of Risk 300
ABC Investment Company invested over $300,000 obtained from their clients. The company gained 5% as a return on its investment. This is an example of which type of insurance risk.
Controllable
Economic
Speculative
Home

7. Types of Risk 400
A distributor remodeled its facilities in order to offer a variety of supplies to its customers. This is an example of which type of insurance risk.
Speculative
Uninsurable
Controllable
Non-Economic
Home

8. Risk MGMT 100
ABC Television Station changed its lineup of shows in response to a survey completed by viewers. The station planned to increase its number of viewers for a season. How has the company handled the risks?
Avoid
Assume
Insure
Transfer
Home

9. Risk MGMT 200
The Electronics Company hires local delivery companies to set up equipment. How does the company handle the risks of setting up equipment?
Assume
Avoid
Insure
Transfer
Home

10. Risk MGMT 300
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?
Assume
Insure
Avoid
Transfer
Home

11. Risk MGMT 400
A real estate agent has the responsibility to showcase several homes in order to sell to potential customers. How is the agent currently handling the risks?
Transfer
Assume
Avoid
Insure
Home

12. General Insurance 100
What do hospital and surgical types of insurance have in common in reference to availability? Both are available through:
Major medical insurance
Regular medical insurance
A comprehensive policy
State government assistance
Home

13. General Insurance 200
What do insuring personnel and property have in common?
Both Provide coverage for cost of risks
Both provide coverage for day-to-day routines
Both provide coverage for long-term care.
Home

14. General Insurance 300 Which is an example of uninsurable risks?
FedEx Covers property damaged by its drivers
Kroger Grocery Store has liability coverage
PDQ’s competitors are now picking up packages from residential homes
Tessa is receiving compensation after being injured at work.
Home

15. General Insurance 400
Barry’s Pawn Shop accepts jewelry and electronics from customers all the time. The pawn shop waits the designated time for customers to return and retrieve their items. How does the shop handle risks?
Transfer Avoid Assume Insure
Home

16. Uninsurable Risk 100
Many newspapers are experiencing fewer subscribers since more subscribers are now obtaining news from the internet. This is an example of which uninsurable risk?
Business Operations
Local Factors
Technology Change
Home

17. Uninsurable Risk 200
Home Depot has to reorder Scott’s Lawn Care seeds more often than planned due to increased purchases by customers. This is an example of which uninsurable risk?
Economic Factors
Consumer Demand
Local Factors
Home

18. Uninsurable Risk 300
Cashiers can now manage several registers from a computerized station that will allow several customers to check out their groceries at one time. Which uninsurable risk is this?
Consumer Demand
Technology Change
Local Factors
Home

19. Uninsurable Risk 400
The Whole Foods Market provides workshops on how to prepare healthy meals. During the past three months, the attendance increased over 40%. This is an example of which uninsurable risk?
Economic Conditions
Local Factors
Consumer Demand
Home