JAMB Commerce 2009 Objective — Question 21

Question 21 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2009 Objective paper, with the correct answer and a full explanation.

21. A risk that can be estimated and calculated to be compensated is

A. a delivery risk
B. an insurable riskCorrect
C. a credit risk
D. a speculative risk

Explanation

Risks can be insurable and non-insurable. Insurable risks (e.g. motor accident, fire risk) can be estimated and calculated.

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