100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
RMI 3011 fsu exam 1 RMI 3011 Florida State University -Question and answers correctly solved $13.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Florida State University
  4.  
  5. RMI 3011

Exam (elaborations)

RMI 3011 fsu exam 1 RMI 3011 Florida State University -Question and answers correctly solved
 2 views  0 purchase

RMI 3011 fsu exam 1 RMI 3011 Florida State University -Question and answers correctly solved subjunctive risk - correct answer person's mental condition enterprise risk - correct answer all the moving pieces that have to be managed from a risk perspective in a business, part of business mod...

[Show more]

Preview 2 out of 6  pages

Document information

  • November 30, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • rmi 3011 fsu exam 1
  • rmi 3011 fsu exam 1 question and answers correctly
  • rmi 3011 fsu exam 1 rmi 3011 florida state univers

Written for

All documents for this subject (80)

Seller

avatar-seller
Academia199

Reviews received

Content preview

RMI 3011 fsu exam 1 Question and
answers correctly solved
subjunctive risk - correct answer ✔person's mental condition


enterprise risk - correct answer ✔all the moving pieces that have to be
managed from a risk perspective in a business, part of business model


financial risk - correct answer ✔having insurance manages


speculative risk - correct answer ✔either profit or loss may occur


pure risk - correct answer ✔only a chance of loss or no loss, no winning/gain


noninsurance transfer - correct answer ✔transfer by contract (service
contract for new fridge)
hedging transfer risk to speculator


peril - correct answer ✔cause of loss


hazard - correct answer ✔physical condition


condition - correct answer ✔affects frequency and severity of claim


moral hazard - correct answer ✔

, attitudinal hazard - correct answer ✔i dont care


diversifiable - correct answer ✔risk that only impacts individuals or small
groups of people


nondiversifiable - correct answer ✔risk that effects economy as whole


how insurance enhances society - correct answer ✔Reduces fear
Source of investment funds
Loss prevention
Enhances credit


fortuitive loss - correct answer ✔accidental, unintentional


indemnification - correct answer ✔get your claim paid


ideally insurable risk - correct answer ✔large number of exposures/ units
insured


objective risk - correct answer ✔


retention - correct answer ✔low loss frequency, low loss severity


control - correct answer ✔


avoidance - correct answer ✔high loss frequency, high loss severity

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 Academia199. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

61001 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$13.49
  • (0)
  Add to cart