1) If a company does not cut production and expenses, during the company downtime, it can experience serious problems. a) Economic Conditions b) Consumer Demand 2) The wrong decision can result in lost sales and profits or additional unneeded expenses. a) Competitors’ Actions b) Economic Conditions 3) If a company is not prepared to accept debit cards as a form of payment, customers could take their business elsewhere. a) Technology Changes b) Economic Conditions 4) Workers compensation is an example of this. It pays for injuries that people get on the job a) Disability Insurance b) Life Insurance 5) Insurance companies provide planned protection against economics losses a) Insured b) Insurer 6) Premium :policyholder’s request for payment for a loss that the insurance policy covers a) True b) False 7) Writes insurance policies for only the company they work for a) Single company agent b) Freelance agent ( Independent )

G 11- 14-2 : Insurable Risks

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