Exam (elaborations)
CPCU 500 New /Questions And Answers Graded (A+) DOWNLOAD TO PASS!!!!!
- Course
- Institution
CPCU 500 New /Questions And Answers Graded (A+) DOWNLOAD TO PASS!!!!!
[Show more]
Seller
Follow
HELLENAH
Reviews received
Content preview
CPCU 500 New 2023 -2024 /Questions And AnswersGraded (A+) DOWNLOAD TO PASS!!!!!
Quiz :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
Quiz :Probability - Answer :the likelihood that an outcome or event will occur.
Probabilities are stated as a decimal figure, a percentage, or a fraction.
Quiz :What are the 2 elements associated with risk? - Answer :uncertainty of
outcome + possibility of negative outcome
Quiz :Pure Risk - Answer :a chance of loss or no loss, but no chance of gain.
Quiz :Speculative Risk - Answer :a chance of gain or loss (investment).
Quiz :Price Risk - Answer :the uncertainty over the size of cash flows resulting
from possible changes in the cost of raw materials and other inputs (lumber,
gas, or electricity)
Quiz :Credit Risk - Answer :the risk that customers and other debtors will fail
to make promised payments.
Quiz :Distinguish Diversifiable vs. Nondiversifiable Risk - Answer :Diversifiable
risks can be managed by spreading (such as purchasing multiple businesses).
Nondiversifiable risks are correlated so that their gains or losses tend to occur
simultaneously rather than randomly.
Quiz :What are the 4 quadrants of risk? - Answer :Hazard, Operational,
Financial, and Strategic risk
Quiz :Hazard - Answer :a condition that increases the frequency or severity of
a loss.
Quiz :What are the classifications of risk? - Answer :pure vs. speculative.
subjective vs. objective. diversifiable vs. nondiversifiable.
Quiz :The quadrants of risk focus on... - Answer :the source of risk and who
has traditionally managed it
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller HELLENAH. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
83637 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now