Loss event frequency - Study guides, Class notes & Summaries

Risk - Answer- the uncertainty about outcomes, with the possibility that some of the outcomes can be negative. Quantified by knowing the probability of the possible outcomes Probability - Answer- the likelihood that an outcome or event will occur. Probabilities are stated as a decimal figure, a percentage, or a fraction. What are the 2 elements associated with risk? - Answer- uncertainty of outcome + possibility of negative outcome Pure Risk - Answer- a chance of loss or no loss, but no...

NERC Prep - Bal, Int, & Trans Exam Questions and Answers Graded A+. What group can approve a change in the Disturbance Recovery Period for an Interconnection? a. NERC Interconnection Working Group b. NERC Operating Committee c. NERC Regional Council d. NERC Disturbance Analysis Working Group c. Check targets and equipment - What is the first thing an operator should do after a relay operation? a. Check power system stabilizers b. Notify adjacent Transmission and Balancing areas c. Che...

Functional Relationship - ANSWER-the results of an experiment that describe the occurrence of the phenomena under study as a function of the operation of one or more specified and controlled variables in the experiment in which specific change in one event (dependent variable) can be produced by manipulating another event (the independent variable) and that the change in the dependent variable was unlikely the result of other factors (confounding variable). Functional Relationship - ANSWER-It...

Acceptable Risk The average rate of loss that is considered tolerable for a given activity. Accident An unplanned event or sequence of events that results in an undesirable consequence. An occurrence where property damage, material loss, detrimental environmental impact or human injury occurs. Accidental Release An unanticipated emission of a regulated substance or other extremely hazardous substance into the ambient air. Action Items A column in the What-If/Checklist Wo...

DRII CBCP Exam Latest Update with Verified Solutions 1. Being able to answer the question, "What is important to your business?" is part of what process? A. Gaining senior management support B. Getting an executive sponsor C. Developing a budget D. Defining a business continuity problem statement D. Defining a business continuity problem statement 2. What is the value of a BCM policy statement? A. It forces middle management to comply with senior directives B. It shows employees how to...

UWF: EDF 6225-Foundations of ABA (Exam 1) 141 Questions with Verified Answers Although most of you are preparing for the BACB certification exam, please know that the material is based on the work of ________ and his science and philosophy of human behavior. There are occasions where we may spend time on items that are no longer specifically required for the exam, but we feel are required to be an excellent behavior scientist. - CORRECT ANSWER B.F. Skinner The ________ is the only standard...

Drones may be equipped with cameras that relay data in real-time Which one of the following uses infrared light to detect nearby objects? - Answer- Lidar AMRM Insurance Company sells insurance in Virginia, North Carolina, South Carolina, and Georgia. The company has compiled a policyowner data base that can be used to send text messages when hurricanes approach. The company provides early warnings, storm updates from the National Weather Service, and hurricane safety measures. The company ...

CISR - Elements of Risk Management Exam 132 Questions with Answers A ____ is a cause of loss - CORRECT ANSWER peril A situation, behavior, or condition that may lead to adverse financial consequences - CORRECT ANSWER exposure A cyberattack is an example of a ____ - CORRECT ANSWER peril An Insured who shows no regard for his insured property demonstrates a - CORRECT ANSWER morale hazard A spill on a supermarket aisle is an example of a ____ because it increases the likelihood...

B A client under your supervision engages in frequent rumination that appears to have resulted in substantial weight loss. What is the first assessment task? a. Systematic manipulation of some variable b. Records review c. Nothing - the behavior is not change worthy d. Conduct an IQ test C You find that one of your clients has a substantial anxiety reaction to being in the lunchroom. You posit that there is some kind of respondent conditioning process that has caused this, and you w...

Final Exam: California Life, Accident, and Health Insurance 2023 with complete solution 1. What is considered the most common type of specified disease insurance policy?: Cancer 2. Minimum participation standards exist for a group health insurance plans in order to: Prevent Adverse Selection 3. How does underwriting differ between group life and individual life insur- ance?: Medical questions must be answered on individual life insurance 4. when handling premiums for an insured an agent is a...