Which statement is true about hazard

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Reference no: EM131419994

1. The "I don't care, it's insured" attitude is an example of:

A. Physical hazard

B. Morale hazard

C. Moral hazard

D. Transient hazard

2. Which statement is true about "hazard?"

I. Morale hazard is a more severe problem than moral hazard.

II. Peril and hazard are the same thing.

A. I only

B. II only

C. Both I and II

D. Neither I nor II

3. According to the author of the text, objective risk is:

I. the chance of loss

II. a cause of the loss

A. I only

B. II only

C. Both I and II

D. Neither I nor II

Reference no: EM131419994

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