Finance Quiz: Part 7
Total Questions : 25 Scoring System: Correct Answer : +1 points Incorrect Answer : -1 point Not Answered : 0 point The final result will appear at the end. All The Best.
- What is the purpose of insurance?
- What is the most common type of insurance?
- What is a premium?
- Which of the following is not a factor that determines insurance premiums?
- What is a deductible?
- What is liability insurance?
- What is comprehensive insurance?
- Which of the following is not a type of life insurance?
- What is a beneficiary?
- What is disability insurance?
- What is long-term care insurance?
- What is travel insurance?
- What is underwriting?
- What is a claims adjuster?
- What is an insurance rider?
- What is entrepreneurship?
- What is a business plan?
- Which of the following traits is commonly associated with successful entrepreneurs?
- What is market research?
- What is a unique selling proposition (USP)?
- What does ROI stand for in the context of entrepreneurship?
- What is bootstrapping in entrepreneurship?
- What is a business model?
- What is scalability in entrepreneurship?
- What is a target market?
To protect against financial losses
To earn a profit for the insurance company
To guarantee investment returns
Health insurance
Life insurance
Auto insurance
The amount an insured person pays for insurance coverage
The amount an insurance company pays for a claim
The amount an insurance agent earns in commissions
Gender
Education level
Age
The maximum amount of coverage an insurance policy provides
The amount an insurance company pays for a claim
The amount an insured person pays out of pocket before insurance coverage kicks in
Insurance that covers damage to other people's property
Insurance that covers medical expenses for yourself
Insurance that covers damage to your own property
Insurance that covers medical expenses for yourself
Insurance that covers damage to other people's property
Insurance that covers damage from natural disasters or theft
Variable life insurance
Term life insurance
Comprehensive life insurance
The person who receives life insurance proceeds after the insured person dies
The insurance agent who sells the policy
The person who purchases the insurance policy
Insurance that provides income if you are unable to work due to illness or injury
Insurance that covers medical expenses for yourself
Insurance that covers damage to other people's property
Insurance that covers damage to other people's property
Insurance that covers medical expenses for yourself
Insurance that covers the costs of long-term care services, such as nursing homes or home health care
Insurance that covers damage to other people's property while traveling
Insurance that covers medical expenses while traveling
Both
The process of filing an insurance claim
The process of evaluating and pricing insurance policies
The process of canceling an insurance policy
An employee of an insurance company who investigates and evaluates insurance claims
An attorney who represents insurance companies in legal proceedings
An independent contractor who evaluates insurance claims for multiple insurance companies
A person who is insured under an insurance policy
An insurance policy that covers multiple people
An amendment or addition to an insurance policy
Investing in the stock market
Working as an employee in a company
Starting and running a business
A document outlining the goals and strategies of a business
A legal agreement between business partners
A marketing campaign for a new product
Perseverance
Risk-aversion
Resistance to change
Developing a pricing strategy
Analyzing consumer behavior and market trends
The process of identifying potential competitors
The financial forecast for a new venture
The legal protection of a business idea
A distinctive feature that sets a product or business apart from competitors
Return on Investment
Rate of Innovation
Revenue Overhead Index
Starting a business with minimal external funding or resources
Setting high prices for products or services
Hiring employees without proper qualifications
The organizational structure of a company
The way a company generates revenue and delivers value to customers
A plan for expanding a business globally
The process of outsourcing tasks to external contractors
The potential for a business to grow and handle increased demand
The ability of a business to adapt to changing market conditions
The specific demographic group a business aims to serve
The total number of customers in a given industry
The competition in a particular market segment