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CISR RISK MANAGEMENT EXAM ACTUAL EXAM 150 QUESTIONS AND CORECT DETAILED ANSWERS
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CISR RISK MANAGEMENT EXAM ACTUAL EXAM 150 QUESTIONS AND CORECT DETAILED ANSWERS
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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
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