Multiple Choice
In reviewing his company's operations,a risk manager noticed that all of the company's finished goods were stored in a single warehouse.The risk manager recommended that the finished goods be divided among three warehouses to prevent all of the finished goods from being destroyed by the same peril.Dividing the finished goods among three warehouses illustrates
A) risk avoidance.
B) risk control.
C) insurance.
D) noninsurance transfer.
Correct Answer:

Verified
Correct Answer:
Verified
Q8: A risk manager is concerned with which
Q13: An insurance policy specifically written and designed
Q15: Bev lives in the suburbs and works
Q21: Which of the following statements concerning the
Q22: Loss severity is defined as the<br>A)probable size
Q30: Parker Department Stores has been hurt in
Q36: Acme Company has three identical manufacturing plants,one
Q37: Acme Company has three identical manufacturing plants,one
Q43: Each accounting period,Harris Company Department Store charges
Q47: A restaurant owner leased a meeting room