Rmin daniel brown test 1 - Study guides, Class notes & Summaries

RMIN Daniel Brown Test 1 Latest Update 100% Pass exposure things of value (assets) that could be lost Perils things that could happen to your assets cause of a loss risk management what someone does to protect their assets or prevent/ reduce their losses risk a calculated possibility of a negative outcome uncertainty concerning the occurrence of a loss Calculated possibility a probablilistic outcome that is known or estimated ranges from 0 to 1 or a percentage 0 imp...

RMIN Daniel Brown Test 1 Questions & Answers exposure - ANS-things of value (assets) that could be lost Perils - ANS-things that could happen to your assets cause of a loss risk management - ANS-what someone does to protect their assets or prevent/ reduce their losses risk - ANS-a calculated possibility of a negative outcome uncertainty concerning the occurrence of a loss Calculated possibility - ANS-a probablilistic outcome that is known or estimated ranges from 0 to 1 or a percentage ...

RMIN Daniel Brown Test 1 Questions and Answers | Latest Version | 2024/2025 | Graded A+ What is the difference between personal risk and property risk? Personal risk involves risks to an individual's health or life, while property risk involves the potential for damage or loss to physical assets. What is risk evaluation used for in risk management? Risk evaluation is used to determine the significance of identified risks and prioritize them based on their potential impact and li...

RMIN Daniel Brown Test 1 Questions & Answers

RMIN Daniel Brown Test 1 Exam Questions and Answers 100% Solved exposure - things of value (assets) that could be lost Perils - things that could happen to your assets cause of a loss risk management - what someone does to protect their assets or prevent/ reduce their losses risk - a calculated possibility of a negative outcome uncertainty concerning the occurrence of a loss Calculated possibility - a probablilistic outcome that is known or estimated ranges from 0 to 1 or a percentage...