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Multiple Select QuestionSelect all that applyWhich of the following are considered insurable risks?Multiple select question.Unpredictable changes in demandSporadic changes in supplyLoss from theftDamage from fire

Question

Multiple Select QuestionSelect all that applyWhich of the following are considered insurable risks?Multiple select question.Unpredictable changes in demandSporadic changes in supplyLoss from theftDamage from fire

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Solution

The insurable risks from the options provided are:

  • Loss from theft
  • Damage from fire

These are considered insurable risks because they are specific, unforeseen events that could result in financial loss, and insurance policies often cover such incidents.

On the other hand, unpredictable changes in demand and sporadic changes in supply are typically not considered insurable risks. These are business risks that are part of the normal operations and fluctuations of the market, and they are usually not covered by insurance policies.

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