Exam (elaborations)
CPCU 500 Exam (1, 2, 3) Questions and Answers 2023
- Course
- Institution
Two elements of risk - Answer- -uncertainty of outcome -possibility of a negative outcome Uncertainty - Answer- About the type of outcome, timing of outcome, or both Possibility - Answer- An outcome or event may or may not occur *Does not quantify risk Probability - Answer- Likelihood t...
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