Exam (elaborations)
CISR Elements of Risk Management Exam 2024 Questions with 100% Complete Solutions Graded A+
- Course
- Institution
CISR Elements of Risk Management Exam 2024 Questions with 100% Complete Solutions Graded A+
[Show more]
Content preview
CISR - Elements of RiskManagement Exam
[2024]
Questions with 100% Complete
Solutions
https://www.stuvia.com/en-us/user/TOPTIERGRADES
,A ____ is a cause of loss - Answer - peril
A situation, behavior, or condition that may lead to adverse financial
consequences - Answer - exposure
A cyberattack is an example of a ____ - Answer - peril
An Insured who shows no regard for his insured property demonstrates a -
Answer - morale hazard
A spill on a supermarket aisle is an example of a ____ because it increases the
likelihood that someone will fall - Answer - hazard
A passenger enters an elevator. His clothing is caught in the elevator door as the
door closes. The passenger snatches the clothing from the door before the
elevator begins to move. He is uninjured and his clothes are not damaged. -
Answer - incident
A mixing paddle on a faulty bakery mixer snaps and strikes an employee's hand.
The employee's hand is cut and bleeding - Answer - accident
A driver is at fault in a minor auto accident. The other driver is uninjured, but the
bumper on her car requires repairs. The other driver demands that the at-fault
driver's insurance company pay for the loss. - Answer - claim
The total dollar amount of all losses for a given period of time - Answer - severity
, A loss has occurred but is unlikely to occur again in the future - Answer - low
frequency
An organization's tolerance for risk - Answer - risk appetite
The product of loss frequency multiplied by loss severity - Answer - expected
losses
The total amount of losses in a given period divided by the total number of claims
- Answer - average severity
A loss expected to continue occurring regularly - Answer - high frequency
A cause of loss - Answer - peril
An unplanned event definite as to time and place that results in injury or damage
to a person or property - Answer - accident
An event that disrupts normal activities and may become a loss or business
interruption - Answer - incident
A demand for payment or an obligation to pay as a result of a loss or occurrence -
Answer - claim
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller TOPTIERGRADES. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.39. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79373 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now