1. The "I don't care, it's insured" attitude is an example of:
A. Physical hazard
B. Morale hazard
C. Moral hazard
D. Transient hazard
2. Which statement is true about "hazard?"
I. Morale hazard is a more severe problem than moral hazard.
II. Peril and hazard are the same thing.
A. I only
B. II only
C. Both I and II
D. Neither I nor II
3. According to the author of the text, objective risk is:
I. the chance of loss
II. a cause of the loss
A. I only
B. II only
C. Both I and II
D. Neither I nor II