MCQ Questions
Q.1.
an example of a risk management strategy is...
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    a and c
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    a and b
  • 100%
    both a and c
  • 0%
    buying a new car
Q.2.
collision insurance is...
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    insurance can cover you or your property in case of an accident, theft, or another unpredictable event
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    insurance that will pay to get your car fixed in the event of an accident
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    insurance that will pay for injury to another driver and/or damage to their car if you are in an accident
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    to prevent a financial burden in the case of an accident, theft, or another event
Q.3.
which of the following is a reason someone should get health insurance?
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    people with health insurance can skip lines in emergency rooms
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    health insurance protects you financially from medical emergencies
  • 100%
    you should always have health insurance, regardless of your circumstances
  • 0%
    being young and healthy means you can skip out on health insurance
Q.4.
liability insurance is...
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    to prevent a financial burden in the case of an accident, theft, or another event
  • 0%
    insurance that will pay to get your car fixed in the event of an accident
  • 100%
    insurance can cover you or your property in case of an accident, theft, or another unpredictable event
  • 0%
    insurance that will pay for injury to another driver and/or damage to their car if you are in an accident
Q.5.
when is it ok not to have health insurance?
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    the amount of money you pay for an insurance policy
  • 100%
    you should always have health insurance
  • 0%
    you should always have health insurance, regardless of your circumstances
  • 0%
    you must pay all costs for health care and medical emergencies
Q.6.
which is not an example of a risk management strategy?
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    buying a new car
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    damage to your car
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    both a and c
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    injury to yourself
Q.7.
buying a home security system is an example of protecting your home against _______
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    risk
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    collision insurance
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    risk management strategies
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    a and b
Q.8.
all of the following are true about health insurance except:
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    health insurance protects you financially from medical emergencies
  • 100%
    being young and healthy means you can skip out on health insurance
  • 0%
    people with health insurance can skip lines in emergency rooms
  • 0%
    you should always have health insurance, regardless of your circumstances
Q.9.
what do people purchase as a form of risk management to protect themselves from losing a lot of money in the event something happens to them or their property
  • 100%
    insurance premium
  • 0%
    insurance
  • 0%
    deductible
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    a and b
Q.10.
a deductible is paid by...
  • 100%
    the amount you owe before insurance will cover the rest of the bill
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    the amount of money you pay for an insurance policy
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    both a and c
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    the policyholder
Q.11.
if you get into a car accident, your ______ may increase because you will be considered riskier for insurance companies to covee
  • 100%
    insurance premium
  • 0%
    injury to yourself
  • 0%
    insurance
  • 0%
    liability insurance
Q.12.
what will collision insurance cover in the event of an accident
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    damage to your car
  • 0%
    buying a new car
  • 0%
    injury to yourself
  • 0%
    collision insurance
Q.13.
how is having a security system for you home a risk management strategy?
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    the security system will alert authorities and deter criminals, protecting your valuables and property
  • 0%
    risk
  • 100%
    people with health insurance can skip lines in emergency rooms
  • 0%
    insurance can cover you or your property in case of an accident, theft, or another unpredictable event
Q.14.
insurance that will pay for injury to another driver and/or damage to their car if you are in an accident is called...
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    collision insurance
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    liability insurance
  • 0%
    insurance premium
  • 0%
    injury to yourself
Q.15.
what is a risk management strategy you could use to protect your home?
  • 100%
    a and b
  • 0%
    a and c
  • 0%
    injury to yourself
  • 0%
    damage to your car
Q.16.
insurance that covers damage to your car from an accident is called...
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    collision insurance
  • 0%
    injury to yourself
  • 0%
    liability insurance
  • 0%
    damage to your car
Q.17.
what does liability insurance not cover in the event of an accident?
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    damage to your car
  • 0%
    insurance premium
  • 0%
    collision insurance
  • 0%
    injury to yourself
Q.18.
something people buy to protect themselves from losing a lot of money in the event something happens to them or their property is known as...
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    insurance
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    deductible
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    insurance premium
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    risk management strategies
Q.19.
choose the statement that is true about health insurance
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    you should always have health insurance
  • 0%
    being young and healthy means you can skip out on health insurance
  • 0%
    you should always have health insurance, regardless of your circumstances
  • 0%
    you must pay all costs for health care and medical emergencies
Q.20.
wearing a seat belt, not texting when driving, and driving carefully are all examples of...
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    liability insurance
  • 0%
    insurance premium
  • 0%
    risk management strategies
  • 100%
    collision insurance