About the scope of risk management

Assignment Help Operation Management

Reference no: EM131467214

1. The worst loss that could ever happen to a firm is referred to as the

A) severity of loss

B) maximum possible loss

C) frequency of loss

D) probably maximum loss

2. Which of the following statements about the use of deductibles is (are) true?

I. They represent risk retention by insurance purchasers. II. They tend to increase the cost of adjusting small claims.

A) I only

B) II only

C) both I and II

D) neither I nor II

3. Which of the following statements about the scope of risk management is (are) true? I. Traditionally, risk management was limited in scope to speculative loss exposures. II. In the 1900s, some businesses began to expand the scope of risk management to include financial risks.

A) I only

B) II only

C) both I and II

D) neither I nor II

4. Which of the following statements is (are) true with respect to the time value of money? I. Money received today is worth more than the same amount of money received in the future. II. The present value of a future amount is greater than the future amount.

A) I only

B) II only

C) both I and II

D) neither I nor II

5. Which of the following statements about brokers is (are) true? I. They legally represent the insured rather than the insurance company. II. They are prohibited from being licensed as agents.

A) I only

B) II only

C) both I and II

D) neither I nor II

Reference no: EM131467214

Questions Cloud

Events can be used as a boundary event : Which of the following events can be used as a boundary event? Which of the following can be used as an alternative to displaying rework?

What risks does losing their collective bargaining rights : Why were politicians in 2011 so interested in trying to repeal collective bargaining rights for public sector employees?

Plot a graph of pressure variation along the length of duct : Air enters a pipe having a diameter of 0.1 m and a length of 1 m with Mach 2 and a pressure of 90 kPa. Assuming the flow to be adiabatic and the mean friction.

Determine the maximum possible length of tube : An air stream enters a 2.5-cm-diameter pipe with Mach 2.5 and a pressure and temperature of 30 kPa and -15°C, respectively.

About the scope of risk management : The worst loss that could ever happen to a firm is referred to as the. Which of the following statements about the scope of risk management is (are) true?

How you would explain enrons ethical meltdown : How would you characterize Enron's culture and what role, and in what way, do you think culture played in the ethical issues at Enron?

Find the back-pressure for a normal shock : Air flows from a large reservoir in which the pressure and temperature are 1 MPa and 30°C, respectively, through a convergent-divergent nozzle.

How can you use critical thinking in other areas : How does the process of critical thinking you used relate to or differ from the process you used to find content for your answer?

Good reasons to decompose a process into sub-processes : Which of the following are good reasons to decompose a process into sub-processes?

User Account

All Pages