Nondiversifiable risk - Study guides, Class notes & Summaries

AIDA 182 (LATEST 2023/ 2024 UPDATE) RISK AND INSURANCE ANALYSIS TECHNIQUES EXAM QUESTIONS AND COMPLETE 100% CORRECT ANSWERS 2024 LATEST UPDATE WITH RATIONALES VERIFIED AND WELL EXPLAINED BY EXPERTS AND GRADED A+ ALREADY PASSED!!!!!! WITH 100% GUARANTEED SUCCESS AFTER DOWNLOAD ( ALL YOU NEED TO PASS YOUR EXAMS) Risk quadrants are different from risk classifications. Risk quadrants focus on what? The source of the risk itself and what part of the organization has managed it in the past. An ente...

CPCU 500 - Full Practice Exam Questions and Answers 100% Verified In order to achieve collaboration, group leaders must A. Remain focused on achieving the goals of their individual groups. B. Focus on the worker's personality rather than results. C. Remain focused on preventing stakeholders from straying from the common goal. D. Promote competition among members of the group. - answerC. Remain focused on preventing stakeholders from straying from the common goal. Which of the following ...

RMIN Daniel Brown Test 1 Latest Update 100% Pass exposure things of value (assets) that could be lost Perils things that could happen to your assets cause of a loss risk management what someone does to protect their assets or prevent/ reduce their losses risk a calculated possibility of a negative outcome uncertainty concerning the occurrence of a loss Calculated possibility a probablilistic outcome that is known or estimated ranges from 0 to 1 or a percentage 0 imp...

Risk - Answer the uncertainty about outcomes, with the possibility that some of the outcomes can be negative. Quantified by knowing the probability of the possible outcomes Probability - Answer the likelihood that an outcome or event will occur. Probabilities are stated as a decimal figure, a percentage, or a fraction. What are the 2 elements associated with risk? - Answer uncertainty of outcome + possibility of negative outcome Pure Risk - Answer a chance of loss or no loss, bu...

CPCU 500 Questions and Answers Rated A+ Risk the uncertainty about outcomes, with the possibility that some of the outcomes can be negative. Quantified by knowing the probability of the possible outcomes Probability the likelihood that an outcome or event will occur. Probabilities are stated as a decimal figure, a percentage, or a fraction. What are the 2 elements associated with risk? uncertainty of outcome + possibility of negative outcome Pure Risk a chance of loss or no los...

ARM 400 Exam Questions and Answers 100% Verified When communicating a decision up the organization's chain of command, consulting with outside experts can help a risk management professional do which one of the following? Select one: A. Enhance stakeholders' confidence in the process B. Stay focused on the organization's objectives C. Seek feedback from stakeholders D. Define the organization's risk appetite - answerA An organization must meet the standard of care that it owes to ot...

Risk quadrants are different from risk classifications. Risk quadrants focus on what? - The source of the risk itself and what part of the organization has managed it in the past. An enterprise risk management approach is categorizing risks into quadrants. What are hazard risks? - Normally managed by risk management professionals. What are the four risks in the enterprise risk management model? - Hazard, operational, financial, and hazard. What risk quadrant is the change of stocks or bond...

sources of information for identifying loss exposures - - risk analysis questionnaires - physical inspection - flow charts - financial statements - historical loss data (most common) What is Risk? - Uncertainty regarding loss Objective Risk - the relative variation of actual loss from expected loss subjective probability - - personal estimate of the chance of loss - it need not coincide with objective probability and is influenced by a variety of factors including age, sex, intelligence...

types of risk - Answer -pure risk -speculative risk -diversifiable risk -nondiversifiable risk -enterprise risk -systemic risk risk - Answer uncertainty concerning the occurrence of a loss uncertainty - Answer probabilities cannot be estimated loss exposure - Answer any situation or circumstance in which a loss is possible, regardless of whether a loss actually occurs example: earthquake or flood causing damage to a manufacturing plant objective risk (degree of risk) -...

RMI 211 Mock Test Complete Guide 1. A family's automobile that is a total loss as a result of a collision is an example of which of the following types of risk? - A) I only (Speculative risk) - B) II only (Diversifiable risk) - C) Both I and II - D) Neither I nor II Answer: B) II only 2. All of the following are programs to insure nondiversifiable risks EXCEPT - A) Federal flood insurance - B) Auto physical damage insurance - C) Social Security - D) Unemployment insurance Answer:...