Rmi exam 3 - Study guides, Class notes & Summaries

Exam 2 RMI 2302 - FSU Dr. Nyce Exam Questions With Verified Answers Who uses decision making ? - answerIndividuals Organizations Government Individuals use expected ____ - answerUtility Organizations use expected ____ - answerValue What entity is able to take on risk regardless of the reward - answerGov't What is one of the big problems we have with modeling how decisions are made? - answerDecisions are made is that they do not explicitly account for biases on the part of the decision...

RMI 2303 Exam 1 Nyce Questions With 100% Correct Answers Which describes the immediate cause of a loss - answerperil Carly is involved in a 3 car auto accident. Which risk is this an example of - answerparticular risk risk prevention and risk reduction are both included in which of the following - answerrisk (loss) control which is a common pre-loss objective - answereconomy which is the last step in the risk management process (but is often done first)? - answerreview and evaluate ris...

RMI 2302 Final Exam Nyce Exam Questions With Verified Answers The number of years between same-sized natural disaster events is also known as - answerReturn Period Frequency and magnitude of natural disasters typically have a _____ ? - answerInverse relationship Risks of "high concern" in the Global Risk Report 2014 - answer1. Food crisis 2. Water crisis 3. Political instability Today, most developed countries have gone from _____ death rates and _____ birth rates to _____ death rate...

RMI 2101 Exam Questions With Verified And Updated Answers Handlers of RM before RM Dept. - answerFinance dept - small org risk manager - med org cro - large org who coined the term Risk Management? - answerProf. Wayne Snider of Temple University STEPS IN THE RM PROCESS - answer1. Identify the Exposure to Loss*** 2. Evaluate the Exposure to Loss 3. Identify Possible Alternatives 4. Select from Among the Alternatives 5. Implementation of the Chosen Option 6. Periodically Re-Evaluate the...

RMI 3567 EXAM reinsurance/insurance ppt #1 Questions and Answers 100% Verified which countries have low penetration rates? - Correct Answer ️️ -bangladesh pakistan What are capital markets - Correct Answer ️️ -markets for buying and selling equity and debt securities. Medium and LT investment horizons facilitates buying and selling financial instruments primary and secondary what is a short term market example? - Correct Answer ️️ -money market accounts who are suppliers of...

RMI 2101 topic 1 Exam Questions With Verified And Updated Answers Pure Risk - answerA risk where there is a loss or no loss Speculative Risk - answerA risk where there is a loss, gain or neither Static Risk - answerRisk where it does not really change significantly over time (ex: nature disaster ) Dynamic Risk - answerA risk that is new, emerging risk (ex: terrorism, privacy rights) Source of Pure risk - answer1. Human Capital 2. Ownership of financial or physical asset 3.Liabilities P...

RMI 300 Final Exam Practice Questions and Answers What are the 3 ways a company decides who takes on what risks? - ANSWER--Better Opportunity to pool -Better way to use loss control incentives -Who has the benefit in taxes Prevention - ANSWER-Any measure that lessens the probability (frequency) of loss but does not eliminate it Reduction - ANSWER-Any effort that lessens the size (severity) of losses that do occur Avoidance - ANSWER-Marking decisions with the intention of eliminating eit...

Exam 2 RMI 2302 - FSU Dr. Nyce Exam Questions With Verified Answers Who uses decision making ? - answerIndividuals Organizations Government Individuals use expected ____ - answerUtility Organizations use expected ____ - answerValue What entity is able to take on risk regardless of the reward - answerGov't What is one of the big problems we have with modeling how decisions are made? - answerDecisions are made is that they do not explicitly account for biases on the part of the decision...

RMI 2101 Exam Questions With Verified And Updated Answers Handlers of RM before RM Dept. - answerFinance dept - small org risk manager - med org cro - large org who coined the term Risk Management? - answerProf. Wayne Snider of Temple University STEPS IN THE RM PROCESS - answer1. Identify the Exposure to Loss*** 2. Evaluate the Exposure to Loss 3. Identify Possible Alternatives 4. Select from Among the Alternatives 5. Implementation of the Chosen Option 6. Periodically Re-Evaluate the...

RMI 2303 Exam 1 Nyce Questions With 100% Correct Answers Which describes the immediate cause of a loss - answerperil Carly is involved in a 3 car auto accident. Which risk is this an example of - answerparticular risk risk prevention and risk reduction are both included in which of the following - answerrisk (loss) control which is a common pre-loss objective - answereconomy which is the last step in the risk management process (but is often done first)? - answerreview and evaluate ris...