A. physical hazard
B. moral hazard
C. uninsured peril
D. excepted peril
Correct Answer: Option B
B. moral hazard
Explanation
Moral hazard occurs when someone increases their exposure to risk when insured, especially when a person takes more risks because someone else bears the cost of those risks.
300 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…
300 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…
300 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…
300 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…
300 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…
300 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…