Subsection 5.3. Insurance for Commerce, O Level - revisedeck

5.3. Insurance

A subsection of Commerce, 7100, through 5. Aids to trade that support commerce

Listing 10 of 14 questions

Which statement explains the term ‘limited liability’?

7100_s15_qp_13

MCQ

2015

Paper 1, Variant 3

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What does the principle of indemnity state?

7100_s19_qp_12

MCQ

2019

Paper 1, Variant 2

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What does the principle of indemnity state?

7100_s19_qp_13

MCQ

2019

Paper 1, Variant 3

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Why does a business need insurance?

7100_s21_qp_13

MCQ

2021

Paper 1, Variant 3

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What does the principle of insurable interest state?

7100_w06_qp_1

MCQ

2006

Paper 1, Variant 0

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Mrs Sing owns a business. Which of the following is she not able to insure because she has no insurable interest?

7100_w11_qp_11

MCQ

2011

Paper 1, Variant 1

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What does the insurance principle of utmost good faith mean?

7100_w13_qp_11

MCQ

2013

Paper 1, Variant 1

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What is a purpose of a credit note?

7100_w14_qp_12

MCQ

2014

Paper 1, Variant 2

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Why should Magda take out insurance for her business?

7100_w16_qp_11

MCQ

2016

Paper 1, Variant 1

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What is the purpose of an invoice?

7100_w18_qp_12

MCQ

2018

Paper 1, Variant 2

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Questions Discovered

14