question archive Module 10 Questions and Problems 1) You have a friend, Icahn Betitall, who just started a small business
Module 10 Questions and Problems 1) You have a friend, Icahn Betitall, who just started a small business
Subject:BusinessPrice: Bought3
Module 10 Questions and Problems
1) You have a friend, Icahn Betitall, who just started a small business. He is paying a hefty premium for insurance. Icahn’s insurance agent told him that he is insuring against the risk of loss on fire, theft, liability, and business interruption. Icahn also has policies for life, health, and automobiles. Icahn is planning a trip to Las Vegas. He plans to contact his agent and obtain a policy on the risk of losing his money at the blackjack table.
a. What should you tell Icahn about being able to purchase such a policy? (5 points)
b. What are several methods that Icahn can choose to manage his risk exposure in Las Vegas? (10 points)
c. What types of risk would Icahn be able to transfer? (15 points)
d. Name two ways that can you transfer risk? (20 points) Be detailed and specific.. Your answer should include two full paragraphs.
2. Describe one thing that a financial plan can help you to do? (please give a detailed answer that is a paragraph long). (15 points)
3. Find a resource for senior citizens (can be local, can be national) and discuss how the resource solves a problem for senior citizens. (25 points)
4. What is one behavior that you could change to help you create more wealth. (10 points)
Notes for assignments: PLEASE TAKE NOTE OF THE POINTS ASSIGNED FOR EACH QUESTION AND LET THAT BE YOUR GUIDE. IF A QUESTION HAS 10 OR MORE POINTS, THEN YOU ARE GOING TO WANT TO SPEND SOME TIME MAKING SURE THAT YOU EXPLORE THE TOPIC AND ANSWER THE QUESTION IN DETAIL. IN THIS CASE, I WOULD EXPECT MORE THAN AN EXPLANATION OF WHAT SOMETHING IS; I WOULD ALSO WANT TO KNOW WHEN, HOW AND WHERE YOU WOULD USE IT.
