17. The installaiton of an automatic sprinker system that rapidly distinguishes a fire is an example of B a. Avoidance b. Loss Prevention c. Loss reduction d. Retention 18. A bookkeeping account that is charged with actual or expected losses from a given exposure is an example of A a. Funded reserve b. Credit line c. Current net income d. Unfunded reserve 19. Select the incorrect row in the Risk Management Matrix listing below a.b.c.d.TYPE1234 20. Assuming a loss frequency of a loss occurring once every 2 years and that the average value of losses that occur might be $40,000. Based on the above examples the expected loss is A a. $40,000 b. $80,000 c. $20,000 d. $10,000 21. Which is the correct definition of Normal Loss expectancy RISK MANAGEMENT TECHNIQUE A a. The dollar loss expected when both private and public protection systems are operative. b. The dollar loss expected when a critical part of the protection system, such as an automatic sprinkler, is out of service or ineffective. c. The dollar loss expected when none of the private protection systems are functioning. The fire in this case would probably burn until stopped by a fire wall, until it burns all its fuel, or until the public fire department summoned by an outsider, arrives. d. The dollar loss expected when all private and public protection systems are inoperative or ineffective. 17. The installaiton of an automatic sprinker system that rapidly distinguishes a fire is an example of B a. Avoidance b. Loss Prevention c. Loss reduction d. Retention 18. A bookkeeping account that is charged with actual or expected losses from a given exposure is an example of A a. Funded reserve b. Credit line c. Current net income d. Unfunded reserve 19. Select the incorrect row in the Risk Management Matrix listing below a.b.c.d.TYPE1234 20. Assuming a loss frequency of a loss occurring once every 2 years and that the average value of losses that occur might be $40,000. Based on the above examples the expected loss is A a. $40,000 b. $80,000 c. $20,000 d. $10,000 21. Which is the correct definition of Normal Loss expectancy RISK MANAGEMENT TECHNIQUE A a. The dollar loss expected when both private and public protection systems are operative. b. The dollar loss expected when a critical part of the protection system, such as an automatic sprinkler, is out of service or ineffective. c. The dollar loss expected when none of the private protection systems are functioning. The fire in this case would probably burn until stopped by a fire wall, until it burns all its fuel, or until the public fire department summoned by an outsider, arrives. d. The dollar loss expected when all private and public protection systems are inoperative or ineffective