CPCU 500 Exam 5 Questions and Answers
The risk control measures used to protect people and property from the adverse effects of hostile fires are collectively called
Fire safety.
Joe owns a small stock brokerage, Zoran Company. He also serves as a director and pension fund fiduciary at Zor...
CPCU 500 Exam 5 Questions and
Answers
The risk control measures used to protect people and property from the adverse effects
of hostile fires are collectively called - answer Fire safety.
Joe owns a small stock brokerage, Zoran Company. He also serves as a director and
pension fund fiduciary at Zoran Company. Most of the pension fund at Zoran Company
is invested in the company's own stock.
When Zoran starts having financial troubles, the price of the stock goes down. Various
brokers at Joe's firm want to move much of the Zoran pension fund to a safer
investment. However, Joe fails to approve the transfer, because he fears the effect such
a move would have on Zoran. As a result, the value of the pension fund drops.
Which one of the following fiduciary duties is Joe breaching by focusing solely on the
possible financial impact that a change would have on Zoran Company? - answer
The duty of loyalty
Maintaining roof and wall systems, including roof tie-downs, in good repair and
providing adequate supports for outside structures is a pre-loss action for - answer
Windstorm.
Certain types of property losses such as drought, flood, and earthquake are referred to
as natural because - answer It is beyond human control.
The occupancy class characterized by a large number of people who gather in a space
that is relatively unfamiliar to them is - answer Mercantile.
Buildings constructed of reinforced concrete have been successful withstanding this
disaster, but building all structures in this manner is neither practical nor economical.
This statement pertains to which one of the following disasters? - answer Tornado
A post-loss action for a flood cause of loss is - answer Clearing drains of debris.
Motley Manufacturing is considering locating one of its facilities in northern California,
but is concerned about the possibility of loss due to which one of the following natural
hazards, which has one of the highest loss exposures for this phenomenon in this part
of the country? - answer Earthquake
Some buildings have modest economic value but still have high replacement costs. One
prime reason for this might be because of - answer Construction styles that are large
or ornate.
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