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Cpcu 500 Practice Exam - Assighnment 4 Questions And Answers With Verified Solutions Already Passed!!! $10.49   Add to cart
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Cpcu 500 Practice Exam - Assighnment 4 Questions And Answers With Verified Solutions Already Passed!!!

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Cpcu 500 Practice Exam - Assighnment 4 Questions And Answers With Verified Solutions Already Passed!!!

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  • August 13, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • cpcu 500 practice exam assighnment 4 questions a
  • east side manufacturing has over 50 sales managers
  • which one of the following statements is correct r
  • kendall incorporated is a manufacturer located

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  • Cpcu 500
  • Cpcu 500

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By: rlawk02 • 2 months ago

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Cpcu 500 Practice Exam - Assighnment
4 Questions And Answers With Verified
Solutions Already Passed!!!
East Side Manufacturing has over 50 sales managers located around the country
who drive company cars. Harry, the risk manager, has noted that this exposure is
generating a frequency of losses for workers compensation, auto liability, and
physical damage to the autos. Harry is considering various risk control techniques.
Which one of the following is a loss prevention technique that should help East
Side Manufacturing reduce the frequency of losses from auto accidents? -
ANSWER✔✔ Requiring all of the managers driving company cars to attend a
driver safety seminar should help reduce the frequency of losses from auto
accidents.


Which one of the following statements is correct regarding duplication? -
ANSWER✔✔ Duplication reduces loss severity without increasing loss frequency.


Kendall Incorporated is a manufacturer located in Maryland. Which one of the
following would indicate that Kendall Incorporated is using the risk control
technique of diversification to reduce loss severity? - ANSWER✔✔ Kendall
Incorporated produces a wide variety of products to serve a range of markets.
The diversification technique spreads loss exposures over numerous products and
markets.


Business continuity is designed to meet both the primary risk management
program post-loss goal of continuity of operation and the - ANSWER✔✔ Post-loss
goal of survival.


Which one of the following statements is correct with respect to evaluating the
efficiency of alternative risk control measures? - ANSWER✔✔ Given a loss

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