Answers by kk3575515

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Adverse selection represents a case where

answered Oct 27, 2021 in Finance

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Risk avoidance is the best risk management tool when the chance of loss is _____ and the loss severity is _____.

answered Oct 27, 2021 in Finance

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Which of the following is NOT an example of a pure risk?

answered Oct 27, 2021 in Finance

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According to the law of large numbers, which of the following is true as the number of exposures increases?

answered Oct 27, 2021 in Finance

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Leaving gas can next to a furnace, likely to produce a fire or explosion, is an example of a

answered Oct 27, 2021 in Finance

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Which of the following is a suitable definition of "Insurance"?

answered Oct 27, 2021 in Finance

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All of the following are direct losses EXCEPT

answered Oct 27, 2021 in Finance

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

answered Oct 26, 2021 in Finance

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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

answered Oct 26, 2021 in Finance

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Peril is a synonym for hazard

answered Oct 26, 2021 in Finance

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

answered Oct 26, 2021 in Finance

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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

answered Oct 26, 2021 in Finance

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

answered Oct 26, 2021 in Finance

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

answered Oct 26, 2021 in Finance

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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

answered Oct 26, 2021 in Finance

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

answered Oct 26, 2021 in Finance

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

answered Oct 26, 2021 in Finance

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

answered Oct 26, 2021 in Finance

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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

answered Oct 26, 2021 in Finance

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

answered Oct 26, 2021 in Finance

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

answered Oct 26, 2021 in Finance

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Mandatory driver education training by trucking firm is an example of

answered Oct 26, 2021 in Finance

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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

answered Oct 26, 2021 in Finance

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

answered Oct 26, 2021 in Finance

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

answered Oct 26, 2021 in Finance

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