RMI 2101 Bundled Exams Questions and Answers Latest Versions (2024/2025) (Complete and Accurate)

RMI 2101 topic 1 Latest 2024 Graded A+ Pure Risk A risk where there is a loss or no loss Speculative Risk A risk where there is a loss, gain or neither Static Risk Risk where it does not really change significantly over time (ex: nature disaster ) Dynamic Risk A risk that is new, emergin...

RMI 2101 Topic 10 Latest Update Graded A+ Employee Benefits Any type of compensation other than direct current salary or wages Reasons why firms offer employee benefits -Attract and retain capable employees -Tax advantages -Productivity and better employee relations -Employer can take ad...

RMI 2101 Exam 1 (Temple University) Already Graded A Risk is the uncertainty about future losses or outcomes Probability likelihood that an outcome or event will occur Pure Risk is a chance of loss or no loss but no chance for gain; always undesirable Good Example of Pure Risk? You ow...

RMI 2101 Exam 2 Questions and Answers Already Passed What are risk transfers of the financing type? (6) Involves the transfer of risk through insurance or non-insurance techniques to shift the financial responsibility of a loss to another party. The activity or asset is still exposed to loss. ...

RMI 2101 Exam 1 Latest Version Graded A+ Risk Uncertainty about future losses No uncertainty= no risk Probablilty of a loss -Likelihood of a loss - Range from 0-1 or 0% to 100% Common Elements of pure risk and speculative risk _Involve uncertainty Differences in Pure and Speculati...

RMI 2101 Topic 6 Latest Version Graded A+ Risk Financing deals with sources of funds to pay for external or internal funds Risk transfers of the financing type seek external sources from third parties to finance loss, still have asset or activity exposed to loss transfer financial respons...

RMI 2101 - Quiz 2 Latest Update Graded A+ Handlers of RM before RM Dept. Finance dept - small org risk manager - med org cro - large org who coined the term Risk Management? Prof. Wayne Snider of Temple University STEPS IN THE RM PROCESS 1. Identify the Exposure to Loss*** 2. Evaluate...

RMI 2101 Topic 11 with Complete Solutions Issues of employer provided healthcare benefits High cost of health care -High cost of inflation compared to overall rate of inflation -High premiums for employers -High costs for governments High % of uninsured or underinsured patients -Access pr...