Rmi exam 3 - Study guides, Class notes & Summaries
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RMI 2303 Exam 1 Nyce Questions With 100% Correct Answers
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RMI 2303 Exam 1 Nyce Questions With 
100% Correct Answers 
Which describes the immediate cause of a loss - answerperil 
Carly is involved in a 3 car auto accident. Which risk is this an example of - answerparticular 
risk 
risk prevention and risk reduction are both included in which of the following - answerrisk 
(loss) control 
which is a common pre-loss objective - answereconomy 
which is the last step in the risk management process (but is often done first)? - 
answerreview and evaluate 
ris...
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RMI 2101 topic 1 Exam Questions With Verified And Updated Answers
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RMI 2101 topic 1 Exam Questions With 
Verified And Updated Answers 
Pure Risk - answerA risk where there is a loss or no loss 
Speculative Risk - answerA risk where there is a loss, gain or neither 
Static Risk - answerRisk where it does not really change significantly over time (ex: nature 
disaster ) 
Dynamic Risk - answerA risk that is new, emerging risk (ex: terrorism, privacy rights) 
Source of Pure risk - answer1. Human Capital 
2. Ownership of financial or physical asset 
3.Liabilities 
P...
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RMI 3567 EXAM reinsurance/insurance ppt #1 Questions and Answers 100% Verified
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RMI 3567 EXAM reinsurance/insurance ppt #1 
Questions and Answers 100% Verified 
which countries have low penetration rates? - Correct Answer ️️ -bangladesh 
pakistan 
What are capital markets - Correct Answer ️️ -markets for buying and selling equity 
and debt securities. 
Medium and LT investment horizons 
facilitates buying and selling financial instruments 
primary and secondary 
what is a short term market example? - Correct Answer ️️ -money market accounts 
who are suppliers of...
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RMI 2101 Exam Questions With Verified And Updated Answers
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RMI 2101 Exam Questions With Verified 
And Updated Answers 
Handlers of RM before RM Dept. - answerFinance dept - small org 
risk manager - med org 
cro - large org 
who coined the term Risk Management? - answerProf. Wayne Snider of Temple University 
STEPS IN THE RM PROCESS - answer1. Identify the Exposure to Loss*** 
2. Evaluate the Exposure to Loss 
3. Identify Possible Alternatives 
4. Select from Among the Alternatives 
5. Implementation of the Chosen Option 
6. Periodically Re-Evaluate the...
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RMI 2303 Exam 1 Nyce Questions With 100% Correct Answers
- Exam (elaborations) • 9 pages • 2024
- Available in package deal
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RMI 2303 Exam 1 Nyce Questions With 
100% Correct Answers 
Which describes the immediate cause of a loss - answerperil 
Carly is involved in a 3 car auto accident. Which risk is this an example of - answerparticular 
risk 
risk prevention and risk reduction are both included in which of the following - answerrisk 
(loss) control 
which is a common pre-loss objective - answereconomy 
which is the last step in the risk management process (but is often done first)? - 
answerreview and evaluate 
ris...
Too much month left at the end of the money?
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RMI 300: Exam 2 Questions With 100% Correct Answers
- Exam (elaborations) • 7 pages • 2024
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RMI 300: Exam 2 Questions With 100% 
Correct Answers 
random variable - answervariables whose outcomes are uncertain and can have different 
values 
how to develop probability distributions - answer1) identify all possible outcomes 
2) calculate probabilities for all possible outcomes 
collectively exhaustive - answeraccount for all possibilities 
mutually exclusive - answerdefine so that the occurrence of one outcome precludes the 
occurrence of any other 
discrete distribution - answerwhen var...
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RMI 2101 topic 1 Exam Questions With Verified And Updated Answers
- Exam (elaborations) • 2 pages • 2024
- Available in package deal
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RMI 2101 topic 1 Exam Questions With 
Verified And Updated Answers 
Pure Risk - answerA risk where there is a loss or no loss 
Speculative Risk - answerA risk where there is a loss, gain or neither 
Static Risk - answerRisk where it does not really change significantly over time (ex: nature 
disaster ) 
Dynamic Risk - answerA risk that is new, emerging risk (ex: terrorism, privacy rights) 
Source of Pure risk - answer1. Human Capital 
2. Ownership of financial or physical asset 
3.Liabilities 
P...
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RMI 2302 FINAL EXAM PREP QUESTIONS WITH ANSWERS COMPLETE 2023
- Exam (elaborations) • 7 pages • 2023
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RMI 2302 FINAL EXAM PREP QUESTIONS WITH ANSWERS COMPLETE 2023. The pre-transition phase of the demographic transition was characterized by - answerPopulation 
maintenance 
What term best describes the ability of the environment to support a population? - 
answerCarrying capacity 
Results of an aging population - answer1. US will become more influential 
2. Population of developed nations will decrease as a percentage of global totals 
3. GDP of developed nations will decrease as a percentage of ...
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RMI 300: Exam 2 Questions With 100% Correct Answers
- Exam (elaborations) • 7 pages • 2024
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RMI 300: Exam 2 Questions With 100% 
Correct Answers 
random variable - answervariables whose outcomes are uncertain and can have different 
values 
how to develop probability distributions - answer1) identify all possible outcomes 
2) calculate probabilities for all possible outcomes 
collectively exhaustive - answeraccount for all possibilities 
mutually exclusive - answerdefine so that the occurrence of one outcome precludes the 
occurrence of any other 
discrete distribution - answerwhen var...
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Exam 2 RMI 2302 - FSU Dr. Nyce Exam Questions With Verified Answers
- Exam (elaborations) • 10 pages • 2024
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Exam 2 RMI 2302 - FSU Dr. Nyce Exam 
Questions With Verified Answers 
Who uses decision making ? - answerIndividuals 
Organizations 
Government 
Individuals use expected ____ - answerUtility 
Organizations use expected ____ - answerValue 
What entity is able to take on risk regardless of the reward - answerGov't 
What is one of the big problems we have with modeling how decisions are made? - 
answerDecisions are made is that they do not explicitly account for biases on the part of the 
decision...
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