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)
A ____ is a cause of loss peril
A situation, behavior, or exposure
condition that may lead to
adverse financial
consequences
A cyberattack is an example peril
of a ____
An Insured who shows no morale hazard
regard for his insured
property demonstrates a
A spill on a supermarket hazard
aisle is an example of a ____
because it increases the
likelihood that someone will
fall
A passenger enters an incident
elevator. His clothing is
caught in the elevator door
as the door closes. The
passenger snatches the
clothing from the door
before the elevator begins
to move. He is uninjured
and his clothes are not
damaged.
, A mixing paddle on a faulty accident
bakery mixer snaps and
strikes an employee's hand.
The employee's hand is cut
and bleeding
A driver is at fault in a minor claim
auto accident. The other
driver is uninjured, but the
bumper on her car requires
repairs. The other driver
demands that the at-fault
driver's insurance company
pay for the loss.
The total dollar amount of severity
all losses for a given period
of time
A loss has occurred but is low frequency
unlikely to occur again in
the future
An organization's tolerance risk appetite
for risk
The product of loss expected losses
frequency multiplied by
loss severity
The total amount of losses average severity
in a given period divided by
the total number of claims
A loss expected to continue high frequency
occurring regularly
A cause of loss peril
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 $15.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81298 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
