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CPCU 500 Practice Exam - Assignment 4 Questions & Answers
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CPCU 500 Practice Exam - Assignment 4 Questions & Answers 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 ph...

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  • October 25, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • cpcu 500 practice exam assignment 4 questions
  • east side manufacturing has over 50 sales managers
  • which one of the following statements is correct r

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  • CPCU - Chartered Property Casualty Underwriter
  • CPCU - Chartered Property Casualty Underwriter

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CPCU 500 Practice Exam - Assignment 4
Questions & Answers
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 exposure and the
effective alternative risk control measures, the risk manager can determine which is
most efficient by using cash flow analysis.

Many laws and regulations require organizations to implement specific risk control
measures. Which one of the following statements is true in this regard? - answer The
cost of adhering to these legal requirements becomes part of the cost of risk.

Commercial property underwriters commonly assess fire loss exposures based on -
answer each building's construction, occupancy, protection, and external exposure.

Which one of the following best describes the function of the service layer of a smart
operation? - answer The service layer of a smart operation involves the employment
of applications using data processing, cloud computing, and storage and analysis of
large amounts of data.

Which one of the following is particularly useful in vacant or temporarily unoccupied
buildings? - answer Temperature sensors

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