Describe the 2 elements of risk - correct answer 1.) Uncertainty of outcomes: risk involves uncertainty about the type of outcome, timing o outcome, or both 2.) possibility of a negative outcome: at least of the potential outcomes is negative Whats the difference between possibility and probabili...
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For public entities such as cities, counties and public utilities, which one of the following is normally the most important post-loss risk management goal? Choose one answer. A. Growth B. Profitability C. Continuity of operations D. Earnings stability - correct answerC. Continuity of ...
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Add to cartFor public entities such as cities, counties and public utilities, which one of the following is normally the most important post-loss risk management goal? Choose one answer. A. Growth B. Profitability C. Continuity of operations D. Earnings stability - correct answerC. Continuity of ...
Economy of Operations - correct answer increase departmental and organizational efficiency, pre-loss risk mgmt. goal Tolerable uncertainty - correct answer provide an awareness of potential losses and an assurance of their effective management keeping the worry of accidental loss at a tolerable l...
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Add to cartEconomy of Operations - correct answer increase departmental and organizational efficiency, pre-loss risk mgmt. goal Tolerable uncertainty - correct answer provide an awareness of potential losses and an assurance of their effective management keeping the worry of accidental loss at a tolerable l...
In the context of risk, the chance of being injured while driving to and from work, loading a truck at work, moving furniture at home, or falling in an icy parking lot at the mall are all examples of A. Possibilities. B. Uncertainties. C. Probabilities. D. Losses. - Correct Answer-A. Pos...
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Add to cartIn the context of risk, the chance of being injured while driving to and from work, loading a truck at work, moving furniture at home, or falling in an icy parking lot at the mall are all examples of A. Possibilities. B. Uncertainties. C. Probabilities. D. Losses. - Correct Answer-A. Pos...
Risk - correct 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 - correct answer the likelihood that an outcome or event will occur. Probabilities are stated as a decim...
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Add to cartRisk - correct 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 - correct answer the likelihood that an outcome or event will occur. Probabilities are stated as a decim...
Describe the 2 elements of risk - correct answer 1.) Uncertainty of outcomes: risk involves uncertainty about the type of outcome, timing o outcome, or both 2.) possibility of a negative outcome: at least of the potential outcomes is negative Whats the difference between possibility and probab...
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Add to cartDescribe the 2 elements of risk - correct answer 1.) Uncertainty of outcomes: risk involves uncertainty about the type of outcome, timing o outcome, or both 2.) possibility of a negative outcome: at least of the potential outcomes is negative Whats the difference between possibility and probab...
Probability - correct answerlikelihood that a particular outcome or event will occur Describe the two elements of risk - correct answer1. uncertainty of outcomes - risk involves uncertainty about the type of outcome, the timing of the outcome, or both. 2. possibility of a negative outcome - at l...
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Add to cartProbability - correct answerlikelihood that a particular outcome or event will occur Describe the two elements of risk - correct answer1. uncertainty of outcomes - risk involves uncertainty about the type of outcome, the timing of the outcome, or both. 2. possibility of a negative outcome - at l...
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