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RMI 3011 fsu exam 1 RMI 3011 Florida State University -Question and answers correctly solved $13.49   Add to cart
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RMI 3011 fsu exam 1 RMI 3011 Florida State University -Question and answers correctly solved
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RMI 3011 fsu exam 1 RMI 3011 Florida State University -Question and answers correctly solved subjunctive risk - correct answer person's mental condition enterprise risk - correct answer all the moving pieces that have to be managed from a risk perspective in a business, part of business mod...

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  • November 30, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • rmi 3011 fsu exam 1
  • rmi 3011 fsu exam 1 question and answers correctly
  • rmi 3011 fsu exam 1 rmi 3011 florida state univers

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RMI 3011 fsu exam 1 Question and
answers correctly solved
subjunctive risk - correct answer ✔person's mental condition


enterprise risk - correct answer ✔all the moving pieces that have to be
managed from a risk perspective in a business, part of business model


financial risk - correct answer ✔having insurance manages


speculative risk - correct answer ✔either profit or loss may occur


pure risk - correct answer ✔only a chance of loss or no loss, no winning/gain


noninsurance transfer - correct answer ✔transfer by contract (service
contract for new fridge)
hedging transfer risk to speculator


peril - correct answer ✔cause of loss


hazard - correct answer ✔physical condition


condition - correct answer ✔affects frequency and severity of claim


moral hazard - correct answer ✔

, attitudinal hazard - correct answer ✔i dont care


diversifiable - correct answer ✔risk that only impacts individuals or small
groups of people


nondiversifiable - correct answer ✔risk that effects economy as whole


how insurance enhances society - correct answer ✔Reduces fear
Source of investment funds
Loss prevention
Enhances credit


fortuitive loss - correct answer ✔accidental, unintentional


indemnification - correct answer ✔get your claim paid


ideally insurable risk - correct answer ✔large number of exposures/ units
insured


objective risk - correct answer ✔


retention - correct answer ✔low loss frequency, low loss severity


control - correct answer ✔


avoidance - correct answer ✔high loss frequency, high loss severity

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