Multiple Choice
What is the first step in the risk-management process?
A) Evaluate the potential losses that might result.
B) Administer the risk-management program.
C) Identify sources of risk.
D) Decide on the best way(s) to handle risk and losses.
Correct Answer:

Verified
Correct Answer:
Verified
Q120: Floater policies provide named-peril protection for movable
Q121: One should assume risks that are affordable
Q122: Risk-avoidance homeowners might want to insure their
Q123: Natalie has an auto insurance policy that
Q124: Fire,theft,illness,and accidents are all examples of<br>A)exposures<br>B)perils<br>C)hazards<br>D)losses
Q126: Theft damage is the most common peril
Q127: Meeting an 80 percent replacement-cost requirement in
Q128: You should not keep the documentation for
Q129: Jennifer and Chad have a homeowner's policy
Q130: Classes of insured consist of insured who