Garantie de satisfaction à 100% Disponible immédiatement après paiement En ligne et en PDF Tu n'es attaché à rien
Recherché précédemment par vous
CPCU 500: Becoming a Leader in Risk Management and Insurance Exam | Questions and Verified Answers| 100% Correct| Grade A (Latest 2023/ 2024 Update)10,57 €
Ajouter au panier
CPCU 500: Becoming a Leader in Risk Management and Insurance Exam | Questions and Verified Answers| 100% Correct| Grade A (Latest 2023/ 2024 Update)
39 vues 1 fois vendu
Cours
CPCU 500
Établissement
CPCU 500
CPCU 500,Becoming a Leader in Risk Management and Insurance Exam | Questions and Verified Answers| 100% Correct| Grade A (Latest 2023/ 2024 Update)
Q: Which one of the following is an element of a loss exposure?
Choose one answer.
A. The verification of risk
B. A cause of loss
C. The ...
which one of the following is measurable and quant
which one of the following is an element of a los
cpcu 500becoming a leader in risk management and
École, étude et sujet
CPCU 500
CPCU 500
Vendeur
S'abonner
nurse_steph
Avis reçus
Aperçu du contenu
CPCU 500: Becoming a Leader in Risk Management and Insurance Exam | Questions and Verified Answers| 1 00% Correct| Grade A (L atest 2023/ 2024 Update) Q: Which one of the following is an element of a loss exposure? Choose one answer. A. The verification of risk B. A cause of loss C. The probability of a loss D. The occurrence of a loss Answer: B. A cause of loss Q: The statement "There is a 5 percent chance that John will be injured in an automobile accident while driving to work tomorrow." is an example of Choose one answer. A. Quantifying risk. B. Verifying risk. C. Quantifying loss exposures. D. Indentifying hazards. Answer: A. Quantifying risk. Q: Dave owns a computer store. He stores backup media copies of confidential records off site in case there is a fire at the computer store. The risk control technique Dave is using to protect the confidential records is Choose one answer. A. Diversification. B. Duplication. C. Avoidance. D. Separation. Answer: B. Duplication. Q: Which one of the following statements regarding monitoring the results of a risk management program is true? Choose one answer. A. A results standard focuses on the quality and quantity of the risk management activities undertaken by the organization. B. Risk management professionals generally prefer performance standards that are solely dependent on the organization's loss record. C. Activities standards are necessary to obtain a complete picture of the success or failure of a risk management program. D. When performance substantially exceeds the standard, the risk management professional knows that the standard has been appropriately set. Answer: C. Activities standards are necessary to obtain a complete picture of the success or failure of a risk management program. Q: Delmond Manufacturing is opening a new manufacturing facility in a building that it purchased from a competitor. Using the information below, which one of the following represents the cost of risk of opening the new facility? New building cost $60.0 million Safety system upgrades $6.0 million Insurance premiums $1.5 million Retained losses $3.0 million Risk management department budget at the site $1.0 million Choose one answer. A. $7.0 million B. $10.0 million C. $11.5 million D. $71.5 million Answer: C. $11.5 million Q: Achieving any post -loss goal involves expending risk management resources, which may conflict with the pre -loss goal of Choose one answer. A. Economy of operations. B. Earnings stability. C. Social responsibility. D. Tolerable uncertainty. Answer: A. Economy of operations. Q: Another term for cause of loss is Choose one answer. A. Negative outcome. B. Exposure. C. Peril. D. Hazard. Answer: C. Peril Q: Which one of the following financial consequences of loss can be established with a high degree of certainty fairly soon after the loss occurs? Choose one answer. A. The value of a pollution loss B. The value of a building that has been damaged by fire C. The value of business lost while the building damaged by fire is being restored D. The value of liability claims related to a defective product Answer: B. The value of a building that has been damaged by fire Q: Which one of the following statements is correct with respect to the expected cost of losses or gains? Choose one answer. A. The expected cost of gains or losses includes only the direct costs associated with a particular risk. B. Calculating the expected cost of losses or gains for pure risks is more complex than for speculative risks. C. Industrial accidents can illustrate the various costs that need to be accounted for in determining cost of losses. D. The expected cost of losses is equal to the uninsured portion of any bodily injury or property damage. Answer: C. Industrial accidents can illustrate the various costs that need to be accounted for in determining cost of losses. Q: An example of an intangible asset that an individual may possess is Choose one answer. A. An investment portfolio. B. A unique skill set. C. Money that is owed to them. D. A rental property. Answer: B. A unique skill set. Q: During the past year, International Toys has undertaken four capital projects. The company has renovated and refurbished one of its aging warehouse buildings. It has purchased the most recent version of its current order processing computer software. It ha s added two trucks to its fleet of delivery vehicles. Lastly, it has purchased a new production machine that will allow it to launch a new product line. Which one of the following company projects is the most speculative risk? Choose one answer. A. The warehouse refurbishment B. The software upgrade C. The two new trucks D. The new production machine Answer: D. The new production machine Q: Which one of the following is measurable and quantifies risk? Choose one answer. A. Uncertainty B. Possibility
Les avantages d'acheter des résumés chez Stuvia:
Qualité garantie par les avis des clients
Les clients de Stuvia ont évalués plus de 700 000 résumés. C'est comme ça que vous savez que vous achetez les meilleurs documents.
L’achat facile et rapide
Vous pouvez payer rapidement avec iDeal, carte de crédit ou Stuvia-crédit pour les résumés. Il n'y a pas d'adhésion nécessaire.
Focus sur l’essentiel
Vos camarades écrivent eux-mêmes les notes d’étude, c’est pourquoi les documents sont toujours fiables et à jour. Cela garantit que vous arrivez rapidement au coeur du matériel.
Foire aux questions
Qu'est-ce que j'obtiens en achetant ce document ?
Vous obtenez un PDF, disponible immédiatement après votre achat. Le document acheté est accessible à tout moment, n'importe où et indéfiniment via votre profil.
Garantie de remboursement : comment ça marche ?
Notre garantie de satisfaction garantit que vous trouverez toujours un document d'étude qui vous convient. Vous remplissez un formulaire et notre équipe du service client s'occupe du reste.
Auprès de qui est-ce que j'achète ce résumé ?
Stuvia est une place de marché. Alors, vous n'achetez donc pas ce document chez nous, mais auprès du vendeur nurse_steph. Stuvia facilite les paiements au vendeur.
Est-ce que j'aurai un abonnement?
Non, vous n'achetez ce résumé que pour 10,57 €. Vous n'êtes lié à rien après votre achat.
