O-LevelCommerceInsurance7100/12 · Oct/Nov 2016 · Q311 Mark

The Managing Directors of four companies have made the following statements. Which statement refers to an uninsurable risk?

AMy Chief Designer has just died. This is bound to affect our business and profits.

BMy company profits are down this year. This is because of the fraud by the Chief Accountant.

CMy drivers have had lots of accidents this year. We have had to replace four lorries.

DMy Purchasing Manager bought the wrong goods. They had to be sold at a loss.

✓ Correct answer

D: My Purchasing Manager bought the wrong goods. They had to be sold at a loss.

Oracle Prep sorts past-paper questions by topic, so you can drill Insurance and see which topics are most likely to come up next.

Topic: Insurance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2016 Paper 1 Variant 2, question 31.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content