Multiple Choice
Risk evaluation breaks down into two parts. They are:
A) Probability of loss occurring and its severity
B) Risk calculation and risk analysis
C) Loss calculation and avoidance
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q13: In static risk.............<br>A)Losses cannot be predicted<br>B)Losses can
Q14: Willingness to retain whole or part of
Q15: ………………is an example for personal risk<br>A)Business loss<br>B)Fire
Q16: Relative variation of actual loss from expected
Q17: An escape from disability or death in
Q19: If any risk is concerned with financial
Q20: ………… is the process of reducing frequencies
Q21: Spreading of risk otherwise termed as……….<br>A)Shifting of
Q22: Risk is measurable……..<br>A)Loss<br>B)Profit<br>C)Uncertainty<br>D)None of the above
Q23: Pure risk situation are those where there