true or falseSome speculative risks are insurable (T)The possibility of not meeting the annual sales target of one million dollar set by the top management is an example of strategic risk. ABC Insurance Company plans to sell fire insurance in Kedah. ABC expects that eight buildings out of every 100, on average, will report claims each year. The variation between the loss that ABC expects to occur and the loss that actually occurs can be measured by range, variance, standard deviation or coefficient of variationA total loss to the car that could happen to a driver as a result of a collision is an example of pure risk.

Theoretical danger is a danger class, which brings about a dubious level of gain or misfortune when…

Answered: Some speculative risks are insurable…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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true or false

Some speculative risks are insurable (T)
The possibility of not meeting the annual sales target of one million dollar set by the top management is an example of strategic risk.
ABC Insurance Company plans to sell fire insurance in Kedah. ABC expects that eight buildings out of every 100, on average, will report claims each year. The variation between the loss that ABC expects to occur and the loss that actually occurs can be measured by range, variance, standard deviation or coefficient of variation
A total loss to the car that could happen to a driver as a result of a collision is an example of pure risk.

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