Question
1. Each of the risk control techniques of duplication, separation, and diversification Select one: Cause losses to be less predictable but more manageable. Decrease the
1. Each of the risk control techniques of duplication, separation, and diversification Select one:
Cause losses to be less predictable but more manageable. | ||
Decrease the frequency of losses incurred by an organization. | ||
Reduce the severity of loss associated with the organization's loss exposures. | ||
Work in combination to transfer the organization's loss exposures |
2. Ideally insurable loss exposures are subject to losses that Select one:
Are definite in time, cause, and location. | ||
Result from unidentifiable causes. | ||
Occur gradually over long periods of time. | ||
Are immeasurable in terms of frequency or severity. |
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