Pure risk - Study guides, Class notes & Summaries

Midterm Exam: NR571 / NR 571 Complete Review (Latest 2024 / 2025 Update) Complex Diagnosis and Management in Acute Care Practicum |Questions and Verified Answers | 100% Correct – Chamberlain Q: pulmonary diagnosis PFTs, arterial blood gases and radiography are for Q: PTFs Answer: for intraoperative or postoperative respiratory complications. for bron- chodilator therapy, risk evaluation for patients before thoracic or upper abdominal surgery. Q: PFTs Evaluating Answer: lung volumes or the ab...

ARM 400 Exam Questions and Answers 100% Verified what two things lie at the base of every risk management concept - answerthe intersection of different types of risk a method for identifying, assessing, and treating all risks traditional risk assessment techniques focus on what - answerroot cause analysis - which identifies a loss's predominant cause what is wrong with Root Cause Analyses - answerit can only look backward and might not catch all root causes what are the 3 steps in how ...

FLORIDA INSURANCE 2-14 EXAM TERMS QUESTIONS AND ANSWERS (100% SCORES) Insurance - CORRECT ANSWER-Financial protection against loss or harm - An arrangement by which company gives customers financial protection against loss or harm such as theft or illness in return for premium payments. Life Insurance - CORRECT ANSWER-Is based on actuarial or mathematical principles and guarantees a specified sum of money upon the death of the person who is insured. Annuities - CORRECT ANSWER-Provid...

WGU COURSE D398 INTRO TO PHARMACOLOGY EXAM QUESTIONS AND ANSWERS LATEST GUIDE 2024/2025 GRADED A+. 2 / 13 1. Drug Standards: rules set to assure that consumers get what they pay for, thatall preparations by the same drug name must be of uniform strength, quality, and purity 2. 1906 Pure Food and Drug Act: Prohibits the sale and transport of adulteratedor mislabeled food, drinks and drugs. Prohibits the mislabeling and misbranding of products. 3. 1938 Food, Drug, and Cosmetic Act: creat...

In the insurance business, risk can best be defined as: A. sharing the possibility of a loss B. uncertainty regarding the future C. uncertainty regarding financial loss D. uncertainty regarding when death will occur - Answer- C. The concept of insurance developed from the need to minimize the adverse effects of risk associated with the probability of financial loss. Which of the following risks is insurable? A. pure risks B. gambling C. speculative risks D. investing - Answer- A....

1. Explain the impacts of an effective Risk Management program on an orga- nization (6): 1. protects organization's reputation/brand 2. Increases profitability 3. Raises awareness of risk management 4. supports managerial objective 5. Improves morale and productivity 6. Improves quality, process and technology 2. Define Traditional Risk Management (TRM).: a functional, siloed, view of risk affecting one or more areas of the organization (focuses on pure risk) 3. Define Enterprise Risk Ma...

California PSI Site - Life, Accident and Health Agent Examination (Life Agent) | Questions & Solutions (100% Correct) California PSI Site - Life, Accident and Health Agent Examination (Life Agent) | Questions & Solutions (100% Correct) Admitted Insurance Company vs. Non-Admitted Insurance Company - ANSWER - An admitted insurance company is authorized to transact insurance in California because it has a Certificate of Authority granted by the California Department of Insurance (CDI) A non-...

Assume you're applying for a life insurance policy. During his presentation, the insurance agent makes the following statements. Are they all true? (Select all that apply.) a. People buy insurance to reduce the financial risk they face but not every type of risk is insurable. b. both pure risks and speculative risks are insurable. c. most life insurance policies are valued contracts, which state at the time of policy issue the time amount of the benefit payable when the insured person ...

CA Life Insurance Exam Questions and Answers 100% Pass What is meant by referring to an insurance policy as a unilateral contract? Only one party makes a legally enforceable promise. When must insurance records of insurance agents and brokers be made available to the Insurance Commissioner? At all times. Any situation that presents the possibility of a loss is known as a loss exposure Which of the following information is not required to be communicated in a Life insurance contract? Personal ...

Pure Risk - Answer chance of loss or no loss but not gain insurable Speculative Risk - Answer there is possibility of loss but of gain no insurablility exposure unit - Answer subject to loss peril - Answer cause of loss life insurance - Answer death Health insurance - Answer accident and sickness hazard - Answer increases the likelihood or severity of loss Three types of hazard - Answer physical, moral, morale physical hazard - Answer arise from the inhe...