Question No.1- Answer all the following questions [LO1, 3] (10 Marks) a- What are the pre-loss objectives and post-loss objectives? [LO 1] (4 Marks) b- Give only two examples in each of the following major personal risks, major property risks and major liability risks. [LO3] (6 Marks) Question No.2- Answer all the following questions a. Draw the risk management matrix. LO3] (10 Marks) [LO 3] (4 Marks) b. Draw a figure that shows the different steps in the risk management process. [LO3)(6 Marks) Question No.3-Solve the following problems [LO2] (10 Marks) a. You have the following information about tow projects: T and L Project T: Xi Pi 1 800 S 45% 2 200 $ 25% 3 -425 5 30% E(X)= Project L: Xi Pi 950 $ 48% 2 -145 S 45% 3 290 $ 7% E(X)= You should: 1. Compute the expected return for each project. (5 Marks) Question No. 4- Evaluate the following as True (I) or False (F) [LO 1.2.3) (10 Marks) 1. The Internal and external organizational analyses as SWOT Analysis are part of risk identification stage. (.....) 2. A random variable is defined as a function that associates a real number the probability value) to an outcome of an experiment. (.....) 3. The probability distribution identifies all the possible outcomes for the random variable and the probability of the outcomes. (.....) 4. The risk of loss may deprive society of services judged to be risk free, for instance, without malpractice insurance many physicians would accept to practice medicine. (.....) 5. A pure risk is one in which there are only the possibilities of loss or no loss (earthquake)........) 6. Plan risk response includes create threats before they happen and increase the impact of the threat. (.....) Question No.1- Answer all the following questions [LO1, 3] (10 Marks) a- What are the pre-loss objectives and post-loss objectives? [LO 1] (4 Marks) b- Give only two examples in each of the following major personal risks, major property risks and major liability risks. [LO3] (6 Marks) Question No.2- Answer all the following questions a. Draw the risk management matrix. LO3] (10 Marks) [LO 3] (4 Marks) b. Draw a figure that shows the different steps in the risk management process. [LO3)(6 Marks) Question No.3-Solve the following problems [LO2] (10 Marks) a. You have the following information about tow projects: T and L Project T: Xi Pi 1 800 S 45% 2 200 $ 25% 3 -425 5 30% E(X)= Project L: Xi Pi 950 $ 48% 2 -145 S 45% 3 290 $ 7% E(X)= You should: 1. Compute the expected return for each project. (5 Marks) Question No. 4- Evaluate the following as True (I) or False (F) [LO 1.2.3) (10 Marks) 1. The Internal and external organizational analyses as SWOT Analysis are part of risk identification stage. (.....) 2. A random variable is defined as a function that associates a real number the probability value) to an outcome of an experiment. (.....) 3. The probability distribution identifies all the possible outcomes for the random variable and the probability of the outcomes. (.....) 4. The risk of loss may deprive society of services judged to be risk free, for instance, without malpractice insurance many physicians would accept to practice medicine. (.....) 5. A pure risk is one in which there are only the possibilities of loss or no loss (earthquake)........) 6. Plan risk response includes create threats before they happen and increase the impact of the threat. (.....)