CPCU 500 Practice Exam - Assignment 1 /Questions
And Answers Latest 2023-2024 DOWNLOAD TO
PASS!!!!
Quiz :The risk of increased competetitio falls into the category of which
quadrant of risk - Answer :Strategic Risk
Quiz :Failing to respond to changing customer demand and preferences in the
design could drop the market share. Which quadrants of risk is this? -
Answer :Strategic risk, arise from trends in the economy and society
Quiz :If car is stolen and the tracking device can be used to recover the car
more quickly. Which RM technique is this? - Answer :Loss reduction
Quiz :How traditional RM works - Answer :Silo apprach
Quiz :Cost of risk of opening a new facility? - Answer :Safety System upgrades
insurance prems
retained losses
RM budget
Quiz :Which one of the following statements is true regarding risk
management efforts on the part of individuals, organizations, and society in
general - Answer :Risk management makes those who own or run an
organization more willing to undertake risky activities.
Quiz :Tolerable Uncertainty - Answer :aligning risks with the organization's
risk appetite
Quiz :An organization must meet the standard of care that it owes to others in
order to ensure that - Answer :Legal obligations are satisfied.
Quiz :Which one of the following is essential to an effective risk management
program? - Answer :Support of the organization's senior management
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