Aida 182 exam - Study guides, Class notes & Summaries

AIDA 182 UPDATED Actual Exam Questions and CORRECT Answers Risk quadrants are different from risk classifications. Risk quadrants focus on what? - CORRECT ANSWER- 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? - CORRECT ANSWER- Normally managed by risk management professionals

AIDA 182 Risk and Insurance Analysis Techniques Exam Prep| Questions and Verified Answers| 100% Correct (New 2023/ 2024 Update) QUESTION coefficient of variation Answer: measures variation from a mean by dividing the standard deviation of a distribution by its mean; used to compare results from two different sets of data to learn which one has more variation QUESTION normal distribution Answer: a probability distribution that helps forecast volatility around a ...

Monte Carlo Simulation - ANSWER A process which generates hundreds or thousands of probable performance outcomes based on probability distributions for cost and schedule on individual tasks. The outcomes are then used to generate a probability distribution for the project as a whole. that event trees analyze the consequences of accidental events rather than decisions - ANSWER the main difference between decision trees and event tress is lightning strikes a wareshouse building white is clos...

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...

AIDA 182 Risk and Insurance Analysis Techniques Exam Prep| Questions and Verified Answers| 100% Correct (Latest 2023/ 2024 Update) Q: exposure Answer: Any condition that presents a possibility of gain or loss, whether or not an actual loss occurs; provides a measure of the maximum potential damage associated with an occurrence Q: volatility Answer: Frequent fluctuations, such as in the price of an asset; provides a basic measure that can be applied to risk outcomes Q...

AIDA 182 FINAL EXAM NEWEST ACTUAL EXAM COMPLETE 200 QUESTIONS AND CORRECT DETAILED ANSWER2

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...

AIDA 182 (New 2023/ 2024 Update) Risk and Insurance Analysis Techniques Exam | Questions and Verified Answers| 100% Correct| Graded A QUESTION What is the progress of a key performance indicator? Answer: A measure of the progress an organization has made toward attaining its goals within a specific amount of time. QUESTION What answers the question, what shows we are a success and working towards goals, financial or nonfinancial? Answer: A key performance indi...

AIDA 182 ACTUAL EXAM REAL QUESTIONS AND CORRECT DETAILED ANSWERS|GRADED A+

AIDA 182 PASSED Actual Exam Questions and CORRECT Answers strategic risk - CORRECT ANSWER- Arise from trends in the economy and society, including changes in the economic, political, and competitive environments, as well as from demographic shifts -risk of increased competition failing to respond to the changing customers demand and preferences... 4 quadrants this exposure of loss is