RMI 2302 EXAM 1 QUESTIONS AND ANSWERS
Correct 45
Incorrect 00
1 of 45
Term
Which of the following is one of the ways households dispose of their
income?
Give this one a try later!
a. All of the above
b. None of the above
c. Personal taxes
d. Personal savings
e. Personal consumption expenditures
a
a. Only individuals use expected value.
b. Both individuals and organizations use expected utility.
c. Governmental decisions rely on expected value.
d. Only organizations use expected value.
, e. Both individuals and organizations use expected value
d
a. None of the above
b. A possibility of death
c. Adverse effects
d. A time element
e. All of the above
d
a. None of the above
b. Standard deviation
c. Expected utility
d. Expected value
e. All of the above
b
Don't know?
2 of 45
Term
Which of the following are examples of the risks that could be
associated with self-drive cars:
I. Reduced traffic fatalities
II. Computer malfunctions
III. Reduced health care costs
,Give this one a try later!
a. I, II, & III a. I & II
b. I & II b. II & III
c. I & III c. I only
d. II only d. I, II, & III
e. I only e. II only
d d
a. II & III a. Standard Deviation
b. II only b. All of the above
c. III only c. None of the above
d. I & III d. Law of Large Numbers
e. I only e. Expected Value
c d
Don't know?
3 of 45
Term
Avoidance (avoiding risky activity) is a method of:
Give this one a try later!
a. None of the above a. Hedging
b. A possibility of death b. Internal risk reduction
c. Adverse effects c. Risk (loss) financing
d. A time element d. Retention
e. All of the above e. Risk (loss) control
, d e
a. Questionnaires a. Survival
b. Combination approach b. Profitability
c. Procedure guides c. None of the above
d. Checklists d. Social Activism
e. Contract analysis e. Retention
b a
Don't know?
4 of 45
Term
In Module 1, we discussed the risk management. Which of the following
is one of the "rules of risk management":
I. Consider the odds
II. Don't risk more than you can afford to lose
III. Minimize risk when possible
Give this one a try later!
a. II & III
b. II only
c. I only
d. I, II, & III
e. I & II
e
Correct 45
Incorrect 00
1 of 45
Term
Which of the following is one of the ways households dispose of their
income?
Give this one a try later!
a. All of the above
b. None of the above
c. Personal taxes
d. Personal savings
e. Personal consumption expenditures
a
a. Only individuals use expected value.
b. Both individuals and organizations use expected utility.
c. Governmental decisions rely on expected value.
d. Only organizations use expected value.
, e. Both individuals and organizations use expected value
d
a. None of the above
b. A possibility of death
c. Adverse effects
d. A time element
e. All of the above
d
a. None of the above
b. Standard deviation
c. Expected utility
d. Expected value
e. All of the above
b
Don't know?
2 of 45
Term
Which of the following are examples of the risks that could be
associated with self-drive cars:
I. Reduced traffic fatalities
II. Computer malfunctions
III. Reduced health care costs
,Give this one a try later!
a. I, II, & III a. I & II
b. I & II b. II & III
c. I & III c. I only
d. II only d. I, II, & III
e. I only e. II only
d d
a. II & III a. Standard Deviation
b. II only b. All of the above
c. III only c. None of the above
d. I & III d. Law of Large Numbers
e. I only e. Expected Value
c d
Don't know?
3 of 45
Term
Avoidance (avoiding risky activity) is a method of:
Give this one a try later!
a. None of the above a. Hedging
b. A possibility of death b. Internal risk reduction
c. Adverse effects c. Risk (loss) financing
d. A time element d. Retention
e. All of the above e. Risk (loss) control
, d e
a. Questionnaires a. Survival
b. Combination approach b. Profitability
c. Procedure guides c. None of the above
d. Checklists d. Social Activism
e. Contract analysis e. Retention
b a
Don't know?
4 of 45
Term
In Module 1, we discussed the risk management. Which of the following
is one of the "rules of risk management":
I. Consider the odds
II. Don't risk more than you can afford to lose
III. Minimize risk when possible
Give this one a try later!
a. II & III
b. II only
c. I only
d. I, II, & III
e. I & II
e
