Reference no: EM133363105
Questions
1. Multi-national corporations face which of the following supply chain risks:
A. global labor shortage
B. rising inflation
C. natural disasters and climate risk
D. all of the above
2. Systemic and existential risks are uncontrollable risks that impact all of higher education. Institutional risks are generally caused by the inability to fulfill an institutional objective. Unit level risks generally relate to an existing, broken process.
Improper use of motor vehicles by students poses a:
A. systemic risk
B. institutional risk
C. unit-level risk
D. none of the above
QUESTION 3
Systemic and existential risks are uncontrollable risks that impact all of higher education. Institutional risks are generally caused by the inability to fulfill an institutional objective. Unit level risks generally relate to an existing, broken process.
Failure to retain returning students is a:
A. a systemic risk
B. an institutional risk
C. unit-level risk
D. all of the above
QUESTION 4
Which of the following actions helps companies avoid or manage potential supply chain risks?
A. moving away from sources in earthquake-prone regions
B. dual sourcing
C. sourcing raw materials or goods from a more politically stable region
D. all of the above
QUESTION 5
Systemic and existential risks are uncontrollable risks that impact all of higher education. Institutional risks are generally caused by the inability to fulfill an institutional objective. Unit level risks generally relate to an existing, broken process.
A 20% decline in state tax revenues is a:
A. systemic risk
B. institutional risk
C. unit-level risk
D. none of the above
QESTION 6
Which of the following statements concerning the securitization of risk is (are) true?
I. Securitization increases the capacity of the insurance industry.
II. Securitization can be used to protect against catastrophic loss.
A. I only
B. II only
C. both I and II
D. neither I nor II
QUESTION 7
Terrorists attacked the World Trade Center on September 11, 2001. The attack simultaneously created large losses for life insurers, property insurers, workers compensation insurers, health insurers, and liability insurers. What name is given to an event that simultaneously creates large losses in several lines of insurance?
A. clash loss
B. retroactive loss
C. consequential loss
D. speculative losspoints
QUESTION 8
In June 2017, the food and beverage conglomerate Mondelez International became a victim of the NotPetya ransomware attack. Zurich American Insurance, its insurance carrier, denied the company's claim because:
A. Mondelez International did not carry an "all-risk property insurance policy"
B. Mondelez International did not carry a stand-alone "cyber risk" policy
C. the policy excluded damages resulting from "a hostile or warlike action ... by any government or sovereign power."
D. all of the above
QUESTION 9
Two buildings are located close together at a production facility. The probability that either of these buildings will experience a fire loss is 4 percent. However, if one building has a fire, the probability that the second building will have a fire is 60 percent. What is the probability that both buildings will have a fire?
A. 1.6 percent
B. 64 percent
C. 2.4 percent
D. 8.0 percent
QUESTION 10
Insurance carriers are concerned about "moral hazard," which occurs when the existence of insurance encourages risky behavior. Strategies that insurance carriers might consider to minimize "moral hazard" include all of the following EXCEPT:
A. writing insurance policies with zero deductibles and co-payments
B. requiring cyber policy holders to back-up critical files off-site.
C. requiring the insured to minimize damages following an insured claim.
D. requiring policyholders to prove that they were not negligent in allowing a cyber-incident