Exam (elaborations)
RMIN 4000 Final Exam Top Hat HW Questions and Answers 2024
- Course
- Institution
RMIN 4000 Final Exam Top Hat HW Questions
[Show more]
Content preview
RMIN 4000 Final Exam Top Hat HWQuestions
Speedy Dawg Delivery has 1,000 delivery vehicles. In 2020, they incurred
$1,000,000,000 in losses that resulted from 50 occurrences / accidents. What was
Speedy Dawg Delivery's loss frequency in 2020? - answer0.05
(50/1,000) = 0.05
Speedy Dawg Delivery has 1,000 delivery vehicles. In 2020, they incurred a total of
$1,000,000 that resulted from 50 occurrences/accidents. What was Speedy Dawg
Delivery's average loss severity in 2020? - answer$20,000
($1,000,000/50) = $20,000
Big Hoss is a BBQ restaurant that has an un-sprinklered indoor pit. Big Hoss himself,
not an employee, leaves the pit burning when the restaurant closes in the evening.
Overnight the restaurant has a fire that damages the kitchen. The fire damage is a: -
answer direct loss
We have discussed corporate risks and the requirement for publicly traded companies
to disclose risks to shareholders. I have downloaded The Walt Disney Company's just
released 2020 annual report and SEC Form 10K into eLC. Form 10K lists their risks
starting on page 20. What risk does Disney list first? - answerAverse impact of COVID-
19
Within the lecture on Enterprise Risk Management, Publix's heiress was used as a
recent example of - answerreputational risk
All of the following are examples of operational risks EXCEPT: - answera. changing
conditions in financial markets FALSE
b. employment practices TRUE
c. customer service TRUE
d. supply chain TRUE
Low Tide Insurance Company is domiciled in Atlantic Beach, FL. They specialize in
insuring homeowner's policies on the coast, with specific exclusions for the perils of
Named Windstorm and Flood. Low Tide is owned by its policyholders, and any annual
profits are distributed through rate reductions. Which type of insurer is Low Tide? -
answermutual insurer
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller julianah420. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67866 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
