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Chapter 1 - Principles Of Insurance

Question 1 of 3

Q1 . Which of the following is a hazard as opposed to a peril?

Q2 . Benson Pharmaceutical Company decides not to manufacture a new drug after determining that it has serious potential side effects. This is an example of which risk management method?

Q3 . The tread on Alan's automobile tires is very thin. This is an example of what type of hazard?

Q4 . Highpoint Industries has an automatic sprinkler system installed in its office building. This is an example of which risk management method?

Q5 . Because she has always been in good health, Donna decides to cancel her health insurance policy. This is an example of which risk management method?

Q6 . LaTonya purchases a house from John. She borrows $75,000 from First City Bank that, along with her $25,000 down payment, equals the $100,000 purchase price of the home. Who has an insurable interest in this home? Choose all that apply.

Q7 . Which of the following is a hazard as opposed to a peril?

Q8 . Benson Pharmaceutical Company decides not to manufacture a new drug after determining that it has serious potential side effects. This is an example of which risk management method?

Q9 . The tread on Alan's automobile tires is very thin. This is an example of what type of hazard?

Q10 . Highpoint Industries has an automatic sprinkler system installed in its office building. This is an example of which risk management method?

Q11 . Because she has always been in good health, Donna decides to cancel her health insurance policy. This is an example of which risk management method?

Q12 . LaTonya purchases a house from John. She borrows $75,000 from First City Bank that, along with her $25,000 down payment, equals the $100,000 purchase price of the home. Who has an insurable interest in this home? Choose all that apply.

Q13 . Which of the following is a hazard as opposed to a peril?

Q14 . Benson Pharmaceutical Company decides not to manufacture a new drug after determining that it has serious potential side effects. This is an example of which risk management method?

Q15 . The tread on Alan's automobile tires is very thin. This is an example of what type of hazard?

Q16 . Highpoint Industries has an automatic sprinkler system installed in its office building. This is an example of which risk management method?

Q17 . Because she has always been in good health, Donna decides to cancel her health insurance policy. This is an example of which risk management method?

Q18 . LaTonya purchases a house from John. She borrows $75,000 from First City Bank that, along with her $25,000 down payment, equals the $100,000 purchase price of the home. Who has an insurable interest in this home? Choose all that apply.

From Classroom to Quiz Stardom

When James Wilson first created a quiz on ancient civilizations for his high school history class, he never imagined it would lead to a side career as one of QuizMaker's most successful creators.

Three years and over 200 quizzes later, James's 'History Mysteries' series has amassed more than 2 million plays and a dedicated following of history enthusiasts from around the world.

Finding a Niche in Historical Puzzles

James's approach combines historical accuracy with engaging storytelling and problem-solving elements. 'I wanted to create quizzes that weren't just about memorizing dates and names,' he explains. 'Each quiz tells a story and invites players to solve a historical mystery or puzzle.'

This unique format has resonated with players who might not typically be drawn to history content, helping James build an audience beyond traditional history buffs.

Building a Community Around Historical Content

Beyond creating engaging quizzes, James has built a thriving community through his dedicated social media channels and a monthly newsletter where he shares historical facts, behind-the-scenes research, and previews of upcoming quizzes.

'The community aspect has been the most rewarding part,' James says. 'I receive messages from students saying my quizzes helped them develop a love for history, and from older adults who enjoy testing their knowledge and learning new things.'

Monetization Strategy

While James started creating quizzes as a teaching tool, they've now become a significant source of income. Through a combination of premium quizzes, sponsorships from educational companies, and affiliate marketing for history books and courses, he's been able to generate substantial revenue.

'Last year, my quiz income actually exceeded my teaching salary,' James reveals. 'It's allowed me to reduce my teaching hours and focus more on creating high-quality educational content.'