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________ means the risks are kept by individuals or organizations.

asked 3 days ago in Finance by voice (54.1k points)

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________ risk affects the entire economy.

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________ is a good example of a speculative risk.

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________ is an example of physical hazard.

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________ the direst cause of a loss.

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There are several techniques available for managing risk. For each of the following risks, identify an appropriate

asked 3 days ago in Finance by voice (54.1k points)

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The major of difference between a pure risk and a speculative risk is that the former does not involve the possibility

asked 3 days ago in Finance by voice (54.1k points)

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Peril is a synonym for hazard

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Loss prevention and reduction efforts are directed toward reducing both frequency and severity

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The concept of "Expected value" relates the magnitude of a risk to the frequency of loss and severity of loss that

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From the prospective of society, the most attractive approach to dealing with risks is risk avoidance

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The term "Pure risk" refers to those situations in which loss is certain, such for example depreciation

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The term "Pure risk" describes a situation in which there is no chance of gain, but the possibility of loss or no loss

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Although virtually all speculative risks can be avoided, it is impossible to avoid all pure risks

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Speculative risks are usually accepted voluntary because of their two-dimensional nature

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Fundamental risks are usually considered to be an individual’s own responsibility and are most appropriately dealt with

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A hazard is anything that is likely to cause a loss, such as a fire, a wind storm or an earthquake

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Risk retention occurs when:

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Using your seatbelt at all times while driving is an example of

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Maradona (a famous football star) has insurance on his house and belongings inside the house. As a result, he never

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Mandatory driver education training by trucking firm is an example of

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Fisal and Tamer started a dry cleaning business. The business may be successful or it may fail. The type of risk that is

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Al Raghy Company installed smoke detectors, a sprinkler system, and fire extinguishers in its new manufacturing facility

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ABC insurance company plans to sell homeowners insurance in Riyadh. ABC expect that 8 homeowners out of

asked 3 days ago in Finance by voice (54.1k points)

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Osama borrowed money from Al Raghey bank to purchase a fishing boat. He purchased insurance on the boat

asked 4 days ago in Finance by voice (54.1k points)

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