Questions related to an article about unemployment, employment, production, crime, business insurance, and holiday pay.

Here are the answers to the questions:

Q6. What issue is expressed in the article above?
The article states "The government needs to create more jobs." This directly addresses the issue of a lack of jobs.

• C. unemployment

Q7. According to the article, what actually happen to the level of Employment & Unemployment?
To "create more jobs" means to increase employment and, consequently, decrease unemployment.

• B. employment increase & unemployment decrease

Q8. Which of the following is likely to be at its lowest when there are more graduates and there are no jobs available?
When there are no jobs, the level of economic activity and output (production) would be low. Unemployment would be high, and crime would likely increase.

• A. production

Q9. Which of the following is likely to increase when there are more graduates and no jobs available?
A high rate of unemployment, especially among educated individuals, often leads to an increase in social issues like crime.

• A. crime

Q10. Why does business take out insurance?
Businesses take out insurance primarily to protect themselves from financial losses due to unforeseen events.

• A. a safeguard from making losses

Q11. John works for a construction firm. He was instructed by his employer to work during a public holiday. For working during public holiday, Peter was compensated with a ________.
Working on a public holiday typically entitles an employee to additional pay, known as overtime pay. (Assuming "Peter" is a typo and refers to the general case of working on a public holiday).

• A. over time pay

Q12. Jenny fell ill and went to a private clinic for treatment. However, her situation got worse after a few days of medication. Tests discovered that she was accidentally given a wrong dose. Which type of insurance policy will covers this kind of risk?
A wrong dose of medication is an unexpected medical incident or accident.

• B. accident insurance

Q13. A business premises originally cost K20,000, but the value of the asset was worth K15,000 when the premises was burnt down. This business has an indemnity cover. How much would the insurance company compensate this business?
Under an indemnity cover, the insurance company compensates for the actual loss suffered, which is the value of the asset at the time of the loss.

• C. K15,000

Q14. Austin insured the business office for K500,000 which is half the value of the property. After one year, his office was caught on fire and half the value of what he had insured was destroyed by fire. What is the actual value of the business office?
If K500,000 is half the actual value of the property, then the full actual value is double that amount.

$$\text{Actual Value} = 2 \times \text{Insured Amount}$$ $$\text{Actual Value} = 2 \times \text{K}500,000$$ $$\text{Actual Value} = \text{K}1,000,000$$

• D. K1,000,000