The following are the six steps of the risk management process. In what order should they occur? I. Consideration of alternatives - selection of the tool II. Determination of objectives III. Evaluation and review IV. Identification of risk exposures V. Implementing the decision VI. Ranking of risks in terms of importance O II. VI. IV. I. V. III. O II. IV. I. VI. V. III. O II. IV. VI. I. III. V. O II. IV. VI. I. V. III. An important implication of Pascal's Wager for risk management is that: O decisions under uncertainty require dependable probability estimates. O the minimax regret strategy has little, if any, justification. O the magnitude of the potential loss is a significant consideration. O the chance of an event occurring is a critically important factor to consider. For a given type of insurance, the pure premium is computed to be $140 and the insurer's expense ratio is 0.3. What is the gross rate for the coverage? O $182. O $190. O $98 O $200