Multiple Choice
Loss severity is defined as the
A) probable size of the losses which may occur during some period.
B) probable number of losses which may occur during some period.
C) probability that any particular piece of property may be totally destroyed.
D) probability that a liability judgment may exceed a firm's net worth.
Correct Answer:
Verified
Correct Answer:
Verified
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Q21: Which of the following statements concerning the
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