Question

1.which of the following statement is correct:(A)a direct loss cannot occur without indirect loss(B)direct loss always occur before indirect loss(C)Indirect loss alwayslarger than direct loss(D)indirect loss can occur without direct loss.

2.Identify the type of loss has greatest possibility of impacting your financial future:-(A)legal defense cost(B)property loss(C)liability loss(D)physical damage loss.

3.In the contextof assets exposed are best describes example of:choose to answer:-Real property exposures,causes of loss,consequences of loss,personal property exposures

(A) Elements such as fire,theft,wind and hail.(B)long term illness and loss of empoyment

4.For a persoanal loss exposure to be present:(A)an individual or family may cause another person to suffer injury or loss(B)an actual loss may occur(C)the possibility of loss may exist.(D)An individual or family must own their residence.

Answer 1

1. Indirect loss is always arising from the direct loss so they are consequences losses as a result of direct loss.

Correct statement is option (B) direct loss always occur before indirect loss.

All other statement are false as they state otherwise.

Correct answer is option (B)

2.liability loss has the greatest possibility of impacting the financial future so correct answer is option (C) liability loss

3. Personal property exposure are exposed.

Correct answer is option (d) personal property exposure

4.For, personal loss exposure to the present, an individual or family must own their own residence.

Correct answer is option (d)