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RMIN 4000 Final Exam Top Hat HW Questions and Answers 2024
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RMIN 4000 Final Exam Top Hat HW Questions
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RMIN 4000 Final Exam Top Hat HWQuestions
Speedy Dawg Delivery has 1,000 delivery vehicles. In 2020, they incurred
$1,000,000,000 in losses that resulted from 50 occurrences / accidents. What was
Speedy Dawg Delivery's loss frequency in 2020? - answer0.05
(50/1,000) = 0.05
Speedy Dawg Delivery has 1,000 delivery vehicles. In 2020, they incurred a total of
$1,000,000 that resulted from 50 occurrences/accidents. What was Speedy Dawg
Delivery's average loss severity in 2020? - answer$20,000
($1,000,000/50) = $20,000
Big Hoss is a BBQ restaurant that has an un-sprinklered indoor pit. Big Hoss himself,
not an employee, leaves the pit burning when the restaurant closes in the evening.
Overnight the restaurant has a fire that damages the kitchen. The fire damage is a: -
answer direct loss
We have discussed corporate risks and the requirement for publicly traded companies
to disclose risks to shareholders. I have downloaded The Walt Disney Company's just
released 2020 annual report and SEC Form 10K into eLC. Form 10K lists their risks
starting on page 20. What risk does Disney list first? - answerAverse impact of COVID-
19
Within the lecture on Enterprise Risk Management, Publix's heiress was used as a
recent example of - answerreputational risk
All of the following are examples of operational risks EXCEPT: - answera. changing
conditions in financial markets FALSE
b. employment practices TRUE
c. customer service TRUE
d. supply chain TRUE
Low Tide Insurance Company is domiciled in Atlantic Beach, FL. They specialize in
insuring homeowner's policies on the coast, with specific exclusions for the perils of
Named Windstorm and Flood. Low Tide is owned by its policyholders, and any annual
profits are distributed through rate reductions. Which type of insurer is Low Tide? -
answermutual insurer
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