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Which retention is the most appropriate treatment for a risk

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Reference no: EM132995928

Problem 1: Retention is the most appropriate treatment for a risk in which there is

A. A probability of a low frequency but high severity of a loss
B. A probability of a low frequency and low severity of a loss
C. A probability of a high frequency and high severity of a loss
D. A probability of a high frequency but low severity of a loss

Problem 2: Which of the following best defined the term peril?

A. The cause of a loss
B. A condition that increases the frequency/severity of a loss.
C. Dishonesty or character defects that increase the frequency/severity of a loss
D. a situation in which there are only the possibilities of a loss or no loss

 

Reference no: EM132995928

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