Nondiversifiable risk Study guides, Class notes & Summaries
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A.R.M. 400 Exam Practice Exam 2023 With Correct Answers…
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A.R.M. 400 Exam Practice Exam 2023 With Correct Answers… 
 
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? 
A. Seek feedback from stakeholders 
B. Stay focused on the organization's objectives 
C. Define the organization's risk appetite 
D. Enhance stakeholders' confidence in the process 
D 
Which of the following risk management program goals is an essential goal for a...
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CPCU 500 Exam Questions and Answers 2023
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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, but no...
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CPCU 500 Exam Questions- Managing Evolving Risks with correct Answers
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Drones may be equipped with cameras that relay data in real-time 
 
Which one of the following uses infrared light to detect nearby objects? - Answer- Lidar 
 
AMRM Insurance Company sells insurance in Virginia, North Carolina, South Carolina, and Georgia. The company has compiled a policyowner data base that can be used to send text messages when hurricanes approach. The company provides early warnings, storm updates from the National Weather Service, and hurricane safety measures. The company ...
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RMIN 4000 uga test 1 latest 2024 actual questions and answers with complete solution
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RMIN 4000 uga test 1 latest 2024 actual questions and answers with complete solution 
types of risk - -pure risk 
-speculative risk 
-diversifiable risk 
-nondiversifiable risk 
-enterprise risk 
-systemic risk
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AIDA 182 Exam Questions with 100% Correct Answers | Latest Version 2024 | Verified
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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...
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ARM 400: Risk in an Evolving World Exam Prep |Guide with Questions and Verified Answers| 100% Correct| Grade A (Latest 2023/ 2024 Update)
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ARM 400,Risk in an Evolving World Exam Prep |Guide with Questions and Verified Answers| 100% Correct| Grade A (Latest 2023/ 2024 Update) 
 
 
Q: tolerable uncertainty components 
 
 
Answer: 
reduce downside risk, earnings stability, anticipate and recognize emerging risks, business continuity 
 
 
 
Q: continuity of operations 
 
 
Answer: 
essential goal for all public entities 
 
 
 
Q: holistic risk management goals 
 
 
Answer: 
tolerable uncertainty, profitability and growth, legal and reg...
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ETS MFT BUSINESS EXAM | Answered Correctly! Summer 2022-23.
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ETS MFT BUSINESS EXAM 
 
The principal difference between variable costing and absorption costing centers on: 
 
a) whether variable manufacturing costs should be included as product costs 
 
b) whether fixed manufacturing costs should be included as product costs 
 
c) whether fixed manufacturing costs and fixed selling and administrative costs should be included as product costs 
 
d) none of these. 
 
General Bikes is debating which marketing research options to employ. The traditional p...
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RMIN 4000 UGA Test 1 Questions and Answers (Graded A)
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RMIN 4000 UGA Test 1 Questions and Answers (Graded A)RMIN 4000 UGA Test 1 Questions and Answers (Graded A)RMIN 4000 UGA Test 1 Questions and Answers (Graded A)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, r...
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Final Study Set: RMIN 4000 - Daniel Jeremy Brown Questions and Answers Rated A+
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Exposures Things of value (assets) that could be lost (Any situation/circumstance in which a 
loss is possible, regardless of whether a loss actually occurs) 
Perils Things that could happen to your assets - cause of loss 
Risk Management What you do to protect these assets and/or prevent/reduce losses 
(Identifies loss exposures faced by an organization and selects the most appropriate techniques 
for treating such exposures) 
Risk The calculated possibility of a negative outcome 
Loss Negative...
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RMIN 4000 uga test 1 latest update graded A+
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RMIN 4000 uga test 1 latest update 
 
graded A+ 
 
types of risk -pure risk 
-speculative risk 
-diversifiable risk 
-nondiversifiable risk 
 
-enterprise risk 
-systemic risk 
 
risk uncertainty concerning the occurrence of a loss 
 
uncertainty probabilities cannot be estimated 
 
loss exposure 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 o...
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