2 types of risk 1 pure - Study guides, Class notes & Summaries

eTips Alcohol Training Questions and Answers 2023 Types of penalties matched with server/establishment •Fines - Both •Arrest- Server •Community service- Server •License Suspension-Establishment •Financial Judgment- Both •License Revocation- Establishment •Loss of certification- Server •Loss of job- Server •Loss of income- Both Never sell to -Underage people -Visibly intoxicated people -Third party people (those purchasing for underage) Practice Quiz 1...

Multistate Pharmacy Jurisprudence(MPJE) Exam Review 2023 (FEDERAL LAW) Questions and Answers. Food and Drug Administration Correct Answer: a federal agency in the Department of Health and Human Services established to regulate the release of new foods and health-related products (P)FDA Correct Answer: Pure Food and Drug Act of 1906 Federal Food, Drug, and Cosmetic Act of 1938 (6/25/38) Correct Answer: FDCA Poison Prevention Packaging Act of 1970 Correct Answer: PPPA Controlled Substance of...

Define "Risk" The chance of a financial loss to which the object of insurance may be exposed to List 3 Categories of Risk 1) Personal 2) Property 3) Liability List 4 Types of Risk Management Techniques 1) Risk Avoidance 2) Risk Retention 3) Risk Control 4) Risk Transfer Define "Risk Avoidance" To avoid doing something in order to eliminate the chance of risk Define "Risk Retention" To self-insure or to pay for losses themselves Define "Risk Control" To reduce the frequency or seve...

RMI 2302 FSU NYCE EXAM 1 (Q&A) LATEST UPDATE ALREADY PASSED Risk Likelihood Frequency - the probability that a loss can occur. What 3 ways can Risk Likelihood be categorized High - an event is expected to happen in most circumstances Medium - an even will probably happen in many circumstances Low - an event may occur at some point Risk Impact Severity - the potential effect that a loss could have if it arises. Risk prevention methods are best applied to what? Frequency of losses ...

CHAPTER 1 ... What are the two elements of risk? -Uncertainty of outcome - Time of the outcome and type of outcome are uncertain -possibility of a negative outcome - at least 1 outcome is negative What is the difference between probability and possibility? Possibility - an outcome or event may or may not occur. It does not quantify the risk, only verifies the risk is there Probability - the likelihood than an outcome will occur, quantifies the risk. It is measurable and has value between ...

LEG2601 Legal Aspects of Environmental Management 100 Marks 24 Hours THIS PAPER CONSISTS OF 6 (SIX) PAGES – INCLUDING INSTRUCTIONS. Honesty Declaration: In writing and submitting this paper you affirm that: 1. You understand what academic dishonesty entails and are aware of UNISA’s policies in this regard. 2. You have not allowed, and will not allow, anyone to copy your work with the intention of passing it off as his or her own work. 3. You did not make use of another ...

CAIB 1 - Chapter 1 Questions and Answers Rated A+ Define "Risk" The chance of a financial loss to which the object of insurance may be exposed to List 3 Categories of Risk 1) Personal 2) Property 3) Liability List 4 Types of Risk Management Techniques 1) Risk Avoidance 2) Risk Retention 3) Risk Control 4) Risk Transfer Define "Risk Avoidance" To avoid doing something in order to eliminate the chance of risk Define "Risk Retention" To self-insure or to pay for losses the...

Fundamentals of Insurance (BC) - Self-Examination Chapter Questions and correct answers What is the major function of insurance? - ANSWERS To allow the spread of risk. Define "Spread of Risk" - ANSWERS "The losses of the few are shared among the many" What are the 4 other functions of insurance? - ANSWERS 1. Basis of Credit System 2. Eliminates worry - Encourages Entrepreneurship 3. Loss Prevention and Loss Reduction 4. Source of Employment and Investment Capital What are the 3...

CPCU 500 - Foundations of Risk Management and Insurance Latest 2024 Graded A+ CHAPTER 1 ... What are the two elements of risk? -Uncertainty of outcome - Time of the outcome and type of outcome are uncertain -possibility of a negative outcome - at least 1 outcome is negative What is the difference between probability and possibility? Possibility - an outcome or event may or may not occur. It does not quantify the risk, only verifies the risk is there Probability - the likelihood ...

Suspected Case - shows symptoms consistent w/ outbreaks Probable Case - symptoms consistent w/ definition Prevalence - number of cases of a disease that is always in an area prevelance rate= total cases/ population Incidence - number of new cases/number of people at risk of the disease Kochs Postulates - 1. The suspected organism should be present in all cases of the disease and absent from healthy animals 2. The suspected organism should be grown in pure culture 3. Cells from ...