Rmin 4000 unit 1 test Study guides, Class notes & Summaries
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RMIN 4000 UNIT 1 TEST
- Exam (elaborations) • 14 pages • 2024
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RMIN 4000 UNIT 1 TEST 
exposures - ANS-things of value (assets) that could be lost 
perils - ANS-things that could happen to these assets 
risk management - ANS-what do you want to do to protect these assets and/or prevent/reduce losses 
risk of driving a car - ANS-exposure: car 
peril: car accident 
risk management: drive safely 
risk - ANS-a calculated possibility of a negative outcome 
calculated possibility - ANS-a probabilistic outcome that is known/established 
ranges from 0 to 1 (0%-100%)...
-
RMIN 4000 Unit 1 Test 2024 Questions and Answers 100% Correct
- Exam (elaborations) • 9 pages • 2024
- Available in package deal
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- $11.49
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RMIN 4000 Unit 1 Test 2024 Questions and Answers 100% Correct 
 
RMIN 4000 Unit 1 Test 2024 Questions and Answers 100% Correct 
 
RMIN 4000 Unit 1 Test 2024 Questions and Answers 100% Correct 
 
exposures - ANSWER-things of value (assets) that could be lost 
 
perils - ANSWER-things that could happen to these assets 
 
risk management - ANSWER-what do you want to do to protect these assets and/or prevent/reduce losses
-
RMIN 4000 UNIT 1 TEST
- Exam (elaborations) • 14 pages • 2024
-
Available in package deal
-
- $9.99
- + learn more
RMIN 4000 UNIT 1 TEST
-
RMIN 4000 Unit 1 Test 2024 Questions and Answers 100% Correct!!
- Exam (elaborations) • 9 pages • 2024
-
Available in package deal
-
- $11.99
- + learn more
exposures - ANSWER-things of value (assets) that could be lost 
 
perils - ANSWER-things that could happen to these assets 
 
risk management - ANSWER-what do you want to do to protect these assets and/or prevent/reduce losses 
 
risk of driving a car - ANSWER-exposure: car 
peril: car accident 
risk management: drive safely 
 
risk - ANSWER-a calculated possibility of a negative outcome 
 
calculated possibility - ANSWER-a probabilistic outcome that is known/established 
 
ranges from 0 to 1 (0...
-
RMIN 4000 Unit 1 Test 2024 Questions and Answers 100% Correct
- Exam (elaborations) • 9 pages • 2024
-
Available in package deal
-
- $13.49
- + learn more
exposures - ANSWER-things of value (assets) that could be lost 
 
perils - ANSWER-things that could happen to these assets 
 
risk management - ANSWER-what do you want to do to protect these assets and/or prevent/reduce losses 
 
risk of driving a car - ANSWER-exposure: car 
peril: car accident 
risk management: drive safely 
 
risk - ANSWER-a calculated possibility of a negative outcome 
 
calculated possibility - ANSWER-a probabilistic outcome that is known/established 
 
ranges from 0 to 1 (0...
Want to regain your expenses?
-
RMIN 4000 Unit 1 Test 2024 Questions and Answers 100% Correct!
- Exam (elaborations) • 9 pages • 2024
- Available in package deal
-
- $13.99
- + learn more
exposures - ANSWER-things of value (assets) that could be lost 
 
perils - ANSWER-things that could happen to these assets 
 
risk management - ANSWER-what do you want to do to protect these assets and/or prevent/reduce losses 
 
risk of driving a car - ANSWER-exposure: car 
peril: car accident 
risk management: drive safely 
 
risk - ANSWER-a calculated possibility of a negative outcome 
 
calculated possibility - ANSWER-a probabilistic outcome that is known/established 
 
ranges from 0 to 1 (0...
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