Uga rmin 4000 - Study guides, Class notes & Summaries

RMIN 4000 Test 1 Brown UGA Questions and Answers 100% Verified Exposures things of value (assets) that could be lost Perils things that cause injury or loss risk a calculated possibility of a negative outcome Frequency the number of losses (such as fire or theft) that occur within a specified time period. aka the probability of a loss Severity the dollar amount of a loss for a specific peril (fire, theft, collision) aka How much does it cost when the loss does occur? Hazard a conditio...

RMIN 4000 uga test 1 ; ...

UGA RMIN 4000 Brown Test 3 (2024) Exam Q’s and A’s

UGA RMIN 4000 Brown Test 3 (2024)

UGA RMIN 4000 Test 4 Questions and Answers (Graded A)UGA RMIN 4000 Test 4 Questions and Answers (Graded A)UGA RMIN 4000 Test 4 Questions and Answers (Graded A) 5 types of employee benefits - ANSWER-1. Medical expenses 2. Loss of income due to disability 3. Loss of income due to death 4. Loss of income due to retirement 5. Loss of income due to unemployment Medical expenses - ANSWER--health insurance -FSAS/HSAS (pre-tax health savings account) -workers comp. Loss of income due to dis...

UGA RMIN 4000 Edmunds Exam 1 Study Guide Solutions risk - ANSWER-uncertainty concerning the occurrence of a loss (or calculated possibility of a negative outcome) loss exposure - ANSWER-any situation where a loss is possible (does not have to occur) loss frequency - ANSWER-how often a loss occurs within a specific period (probability) formula to find frequency - ANSWER-# of losses/# of exposures loss severity - ANSWER-how much does a loss cost when it occurs (a house fire costs $x) fo...

UGA RMIN 4000 Edmunds Exam 1 with Verified Answers

UGA RMIN 4000 EDMUNDS EXAM 1 QUESTIONS AND ANSWERS 2024

UGA RMIN 4000 Edmunds Exam 1|90 questions & Solutions

UGA RMIN 4000 Edmunds Exam 1