Finn 3623 exam 1 answers - Study guides, Class notes & Summaries

FINN 3623 Exam 1 Terms (Nelson Driver) Questions And Correct Answers - Already Passed!! Risk - ANSWER : The uncertainty of an outcome -Can be positive or negative Pure Risk - ANSWER : The chance of having a loss or chance of not having a loss (When insurance companies write a policy, the only policy they take under consideration) Subjective Risk - ANSWER : Attitude toward risk (Also known as your level of risk tolerance) Speculative Risk - ANSWER : When there is a chance of loss...

FINN 3623 Risk Management Exam 1 (2024) || With Complete Answers (Graded A+) FINN 3623 Risk Management Exam 1 (2024) || With Complete Answers (Graded A+) PROTECT & ENHANCE the assets of an organization - ANSWER - What is the primary jobs/functions of the chief risk manager? peril - ANSWER - a cause of loss insurance - ANSWER - a mechanism of risk transfer hazard - ANSWER - anything that increases the probability of or severity of a loss physical hazard - ANSWER - a literal obstac...

FINN 3623 Exam 1 Terms (Nelson Driver) || All Questions & Solutions (Rated A+) FINN 3623 Exam 1 Terms (Nelson Driver) || All Questions & Solutions (Rated A+) Risk - ANSWER - The uncertainty of an outcome -Can be positive or negative Pure Risk - ANSWER - The chance of having a loss or chance of not having a loss (When insurance companies write a policy, the only policy they take under consideration) Subjective Risk - ANSWER - Attitude toward risk (Also known as your level of risk toler...

FINN 3623 Exam 1 Terms (Nelson Driver) w/ notes || Complete Questions & Answers (Graded A+) FINN 3623 Exam 1 Terms (Nelson Driver) w/ notes || Complete Questions & Answers (Graded A+) Risk - ANSWER - - The uncertainty of an outcome - The chance of loss - Can be positive or negative Pure Risk - ANSWER - - The chance of having a loss or chance of not having a loss - When insurance companies write a policy, the only policy they take under consideration Subjective Risk - ANSWER - Attit...