Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

All are part of the risk management process except: a. Risk Avoidance b. Risk Transfer c. Risk Development d. Loss Control None of the Above

image text in transcribed

All are part of the risk management process except: a. Risk Avoidance b. Risk Transfer c. Risk Development d. Loss Control None of the Above e. A State of Risk occurs when there is Knowing an outcome bUncertainty concerning a loss c. Something that increases a hazard d. Predicting a variation of loss e. None of the Above a. There are many types of risk but insurance only can insure which type a. Cumulative b. Adverse c. Speculative d. Predictable None of the Above e. in an objective risk which party usually measures and is more interested in variations to predict the risk a. The insured b. The Insurance Company The business Owner c. d. A third party None of the Above e. Liability risk, when someone else is suing you or you cause damag usually involves: Frequency and Severity a. Only one party b. c. Health related issues Easier claims processes d. None of the Above e

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Fundamentals

Authors: Marlene Davies, John Aston

1st Edition

0273711733, 978-0273711735

More Books

Students also viewed these Accounting questions

Question

What attracts you about this role?

Answered: 1 week ago

Question

How many states in India?

Answered: 1 week ago

Question

HOW IS MARKETING CHANGING WITH ARTIFITIAL INTELIGENCE

Answered: 1 week ago