Exam (elaborations)
CISR RISK MANAGEMENT EXAM ACTUAL EXAM 150 QUESTIONS AND CORECT DETAILED ANSWERS
- Course
- Institution
CISR RISK MANAGEMENT EXAM ACTUAL EXAM 150 QUESTIONS AND CORECT DETAILED ANSWERS
[Show more]
Content preview
CISR RISK MANAGEMENT EXAM ACTUAL EXAM150 QUESTIOS AND CORECT DETAILED
ANSWERS
Terms in this set (132)
1. The potential for several exposure
buildings to be damaged by
heavy winds within the
geographical area
nicknamed "Tornado Alley"
is an example of a(n)
An "accident" that occurs occurrence
over an extended period of
time is called a(n) _____
An accident with the occurrence
limitation of time removed;
an "accident" extended over
a period of time rather than
a single, observable event
The acquisition of funds at risk financing
the most favorable or
optimal cost to pay losses is
called
An action intended to prevention
interrupt a sequence of
events that lead to loss is
called
, An action intended to segregation
isolate an exposure from
other exposures, perils, or
hazards is called
After there are several avoidance
reported cases of babies
swallowing ornaments
decorating a crib mobile,
the manufacturer ends
production of the mobile.
A(n) ____ agreement is an hold harmless
arrangement whereby one
party assumes the liability
inherent in a situation,
thereby relieving another
party of that liability
A(n) _____ analysis measures cost-benefit
total anticipated benefits
after costs are subtracted
A(n) ____ clause is a pre- limit of liability
event limitation of the
amount, type, or method of
calculation of damages
available by one or both
parties to an agreement
A(n) ____ is a factor that hazard
increases the likelihood that
a peril will occur.
A(n) _____ is always an Accident
unexpected and
unintentional event that
tends to result in damage or
injury.
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 TheAlphanurse. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79650 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
