Question 1

As the number of exposure units increases, the degree of risk increases.

Accepted Answer

A) True 
 B)False

Question 2

As the probability of an event occurring increases, the degree of objective risk also increases.

Accepted Answer

A) True 
 B)False

Question 3

Match the descriptions with their terms:
-The mental attitude of a careless or accident prone person is referred to as _________________.

Accepted Answer

A)  Dynamic risks 
B)  Financial risk 
C)  Hazards 
D)  Integrated risk management 
E)  moral hazard
F) morale hazard
G) objective risk
H) Peril
I) Pure risk
J) Risk
K) Risk management
L) Speculative risk
M) Static risk
N) Subjective risk 
A)  Dynamic risks 
B)  Financial risk 
C)  Hazards 
D)  Integrated risk management 
E)  moral hazard
F) morale hazard
G) objective risk
H) Peril
I) Pure risk
J) Risk
K) Risk management
L) Speculative risk
M) Static risk
N) Subjective risk

Question 4

Match the descriptions with their terms:
-_________________ is the process of systematically managing risks through the following steps: identifying risks, evaluating risks, selecting risk management techniques, and implementing and reviewing decisions.

Accepted Answer

A)  Dynamic risks 
B)  Financial risk 
C)  Hazards 
D)  Integrated risk management 
E)  moral hazard
F) morale hazard
G) objective risk
H) Peril
I) Pure risk
J) Risk
K) Risk management
L) Speculative risk
M) Static risk
N) Subjective risk 
A)  Dynamic risks 
B)  Financial risk 
C)  Hazards 
D)  Integrated risk management 
E)  moral hazard
F) morale hazard
G) objective risk
H) Peril
I) Pure risk
J) Risk
K) Risk management
L) Speculative risk
M) Static risk
N) Subjective risk

Question 5

Match the descriptions with their terms:
-A/An _________________ is a contingency that can cause a loss.

Accepted Answer

A)  Dynamic risks 
B)  Financial risk 
C)  Hazards 
D)  Integrated risk management 
E)  moral hazard
F) morale hazard
G) objective risk
H) Peril
I) Pure risk
J) Risk
K) Risk management
L) Speculative risk
M) Static risk
N) Subjective risk 
A)  Dynamic risks 
B)  Financial risk 
C)  Hazards 
D)  Integrated risk management 
E)  moral hazard
F) morale hazard
G) objective risk
H) Peril
I) Pure risk
J) Risk
K) Risk management
L) Speculative risk
M) Static risk
N) Subjective risk

Question 6

Match the descriptions with their terms:
-_________________ involves uncertainty as to whether a gain or a loss will occur.

Accepted Answer

A)  Dynamic risks 
B)  Financial risk 
C)  Hazards 
D)  Integrated risk management 
E)  moral hazard
F) morale hazard
G) objective risk
H) Peril
I) Pure risk
J) Risk
K) Risk management
L) Speculative risk
M) Static risk
N) Subjective risk 
A)  Dynamic risks 
B)  Financial risk 
C)  Hazards 
D)  Integrated risk management 
E)  moral hazard
F) morale hazard
G) objective risk
H) Peril
I) Pure risk
J) Risk
K) Risk management
L) Speculative risk
M) Static risk
N) Subjective risk

As the number of exposure units increases, the degree of risk increases.

As the probability of an event occurring increases, the degree of objective risk also increases.

Match the descriptions with their terms: -The mental attitude of a careless or accident prone person is referred to as _________________.

Match the descriptions with their terms: -_________________ is the process of systematically managing risks through the following steps: identifying risks, evaluating risks, selecting risk management techniques, and implementing and reviewing decisions.

Match the descriptions with their terms: -A/An _________________ is a contingency that can cause a loss.

Match the descriptions with their terms: -_________________ involves uncertainty as to whether a gain or a loss will occur.

Risk Identification and Evaluation

Property and Liability Loss Exposures

Life, Health, and Loss of Income Exposures

Risk Management Techniques: Noninsurance Methods

Insurance As a Risk Management Technique: Principles

Insurance As a Risk Management Technique: Policy Provisions

Selecting and Implementing Risk Management Techniques

Risk Management and Commercial Propertypart I

Risk Management and Commercial Propertypart II

Risk Management and Commercial Liability Risk

Workers Compensation and Alternative Risk Financing

Risk Management for Auto Ownerspart I

Risk Management for Auto Ownerspart II

Risk Management for Homeowners

Loss of Life

Loss of Health

Retirement Planning and Annuities

Employee Benefits: Life and Health Benefits

Employee Benefits: Retirement Plans

Financial and Estate Planning

Risk Management and the Insurance Industry

Functions and Organization of Insurers

Government Regulation of Risk Management and Insurance

Filters

Exam 1: Introduction to Risk

As the number of exposure units increases, the degree of risk increases.

As the probability of an event occurring increases, the degree of objective risk also increases.

Match the descriptions with their terms: -The mental attitude of a careless or accident prone person is referred to as _________________.

Match the descriptions with their terms: -_________________ is the process of systematically managing risks through the following steps: identifying risks, evaluating risks, selecting risk management techniques, and implementing and reviewing decisions.

Match the descriptions with their terms: -A/An _________________ is a contingency that can cause a loss.

Match the descriptions with their terms: -_________________ involves uncertainty as to whether a gain or a loss will occur.

Risk Identification and Evaluation

Property and Liability Loss Exposures

Life, Health, and Loss of Income Exposures

Risk Management Techniques: Noninsurance Methods

Insurance As a Risk Management Technique: Principles

Insurance As a Risk Management Technique: Policy Provisions

Selecting and Implementing Risk Management Techniques

Risk Management and Commercial Propertypart I

Risk Management and Commercial Propertypart II

Risk Management and Commercial Liability Risk

Workers Compensation and Alternative Risk Financing

Risk Management for Auto Ownerspart I

Risk Management for Auto Ownerspart II

Risk Management for Homeowners

Loss of Life

Loss of Health

Retirement Planning and Annuities

Employee Benefits: Life and Health Benefits

Employee Benefits: Retirement Plans

Financial and Estate Planning

Risk Management and the Insurance Industry

Functions and Organization of Insurers

Government Regulation of Risk Management and Insurance

Filters