What is the general definition of risk?

Understanding Insurance and Risk

Interactive Video
•
Business, Life Skills, Moral Science
•
7th - 10th Grade
•
Hard

Olivia Brooks
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A guaranteed financial loss
A possibility of danger or harm
A planned event
A certain event that will happen
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT an example of a risk mentioned in the video?
Road accidents
Injury while playing
Falling down stairs
Winning a lottery
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who can be affected by risks and hazards?
Only the individual
Only the family
Only the property
Individuals, families, and property
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of taking insurance?
To transfer the financial burden of risks
To increase wealth
To avoid all risks
To guarantee no accidents
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a policyholder?
The insurance company
The person who buys the insurance
The government
The person who sells the insurance
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a premium in the context of insurance?
A one-time payment
A monthly or yearly payment for insurance
A bonus received from the insurance company
A penalty for not having insurance
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens when an accident occurs and the policyholder has insurance?
The policyholder pays for all damages
The insurance company pays compensation
The government pays for the damages
No one pays for the damages
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