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Business Studies Form 3 Opener Term 3 Examination 2019
Class: Form 3
Subject: Business Studies
Level: High School
Exam Category: Form 3 Opener Exams
Document Type: Pdf
Views: 693
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Exam Summary
Business Studies Form 3 Opener Term 3 Examination 2019
This file contains questions and the Marking scheme in it. Below is a preview of the questions
Answer ALL questions in spaces provided. (40marks)
1. State the principles of insurance described in the statements given below: (4 marks).
(a) Restoring the insured’s ?nancial position after suffering loss from an insured risk.
(b) Existence of a very close relationship between the loss suffered and the insured risk.
(c) The insurer taking ownership of the remains of the destroyed property after the insured is duly compensated.
(d) Proof that the insured will suffer direct ?nancial loss if property is destroyed.
2. Highlight four factors that should be considered by a ?rm when deciding on the method to use for promoting its products. (4 marks)
3. State four features of an insurable interest. (4 marks)
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