Principles of Risk Management and Insurance, 11e Rejda
Chapter 1 Risk in Our Society
1 Traditionally, risk has been defined as
A any situation in which the probability of loss is one.
B any situation in which the probability of loss is zero.
C uncertainty concerning the occurrence of loss.
D the probability of a loss occurring.
Answer: C
Question Status: Previous Edition
2 Objective risk is defined as
A the probability of loss.
B the relative variation of actual loss from expected loss.
C uncertainty bad on a person's mental condition or state of mind.
D the cau of loss.
Answer: B
Question Status: Previous Edition
3 An insurance company estimates its objective risk for 10,000 exposures to be 10 percent. Assuming the probability of loss remains the same, what would happen to the objective risk if the number of exposures were to increa to 1 million
A It would decrea to 1 percent.
B It would decrea to 5 percent.
C It would remain the same.
广东财经大学排名
D It would increa to 20 percent.
Answer: A
Question Status: Previous Edition
4 Uncertainty bad on a person's mental condition or state of mind is known as
A objective risk.
B subjective risk.
C objective probability.
D subjective probability.
Answer: B
Question Status: Previous Edition
5 The long-run relative frequency of an event bad on the assumption of an infinite number of obrvations with no change in the underlying conditions is called
A objective probability.
B objective risk.
C subjective probability.
D subjective risk.
Answer: A
Question Status: Previous Edition
6 Which of the following statements about a priori probabilities is correct
A They are subjective probabilities bad on ambiguity in the way probability is perceived.
B They are subjective probabilities that may vary among individuals becau of factors such as age, gender, education, and the u of alcohol.
C They are objective probabilities that can be determined by deductive reasoning.
D They are objective probabilities that can be determined by subjective reasoning.
Answer: C
Question Status: Previous Edition
7 An individual's personal estimate of the chance of loss is
A an objective probability.
B an objective risk.
C a subjective probability.
D an a priori probability.
Answer: C
Question Status: Previous Edition
8 A peril is
A a moral hazard.
B the cau of a loss.
C a condition which increas the chance of a loss.
D the probability that a loss will occur.
Answer: B
Question Status: Previous Edition
9 An earthquake is an example of a
hpetA moral hazard.
B peril.
C physical hazard.
D objective risk.
Answer: B
Question Status: Previous Edition
10 Den fog that increas the chance of an automobile accident is an example of a
A speculative risk.
B peril.
C physical hazard.
D moral hazard.
Answer: C
Question Status: Previous Edition
11 Faking an accident to collect insurance proceeds is an example of a
A physical hazard.
B objective risk.
C moral hazard.美国大学排名
D attitudinal hazard.
Answer: C
Question Status: Revid
12 Carelessness or indifference to a loss is an example of
A physical hazard.
B objective probability.
C moral hazard.
D attitudinal hazard.
Answer: D
Question Status: Revid
13 Some characteristics of the judicial system and regulatory environment increa the frequency and verity of loss. This hazard is called
A moral hazard.
B physical hazard.
C attitudinal hazard.
苏泊尔电压力锅维修D legal hazard.
Answer: D
Question Status: Revid
14 Taylor Tobacco Company is concerned that the company may be held liable in a court of law and ordered to pay a large damage award. The characteristics of the judicial system that increa the frequency and verity of loss are known as车库出租合同
蟒蛇吃鳄鱼A moral hazard.
B particular risk.
C speculative risk.
D legal hazard.
Answer: D百合竹的养殖方法和注意事项
Question Status: Previous Edition
15 A phra that encompass all of the major risks faced by a business firm is
A financial risk.
B speculative risk.
C enterpri risk.建筑专业大学排名
D pure risk.
Answer: C
Question Status: Previous Edition
16 Which of the following statements about financial risk is are true
I. Enterpri risk does not include financial risk.
II. Financial risk is easily addresd through the purcha of insurance.
A I only
B II only
C both I and II
