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Exam (elaborations)

Cpcu 500 Chapter 1 Practice Exam Questions And Answers 100% Pass

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CPCU 500 CHAPTER 1 PRACTICE EXAM QUESTIONS AND ANSWERS 100% PASS

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Don is the Risk Manager for Rafferty Corporation. One of his peers, Sally, asks him one
day, "How do you define risk?" When Don replies, which one of the following
statements is accurate?
Select one:
A. Risk has different meanings within the risk management and insurance communities.
B. Risk has consistent meanings within the insurance and risk management
communities.
C. Risk has so many definitions that it has become an almost meaningless term.
D. Risk can also be used to refer to the insurance provider (the insurer).


Give this one a try later!


A. Risk has different meanings within the risk management and insurance
communities.

, Which one of the following is described as a distributed database that serves as a
collectively shared ledger?
Select one:
A. The Internet of Things
B. Big data
C. Blockchain
D. Telematics


Give this one a try later!


C. Blockchain




In addition to metal detectors, many airports have installed a second type of scanning
technology for checked baggage and cargo. The checked bags and cargo pass
through a portal with scanners programmed to detect and test for explosive trace
fumes. These scanners, which detect explosives based on air samples, are an example
of what type of sensor used for risk assessment and control?


A. Thermal Sensors
B. Radiant Sensors
C. Biochemical Sensors
D. Mechanical Sensors


Give this one a try later!


C. Biochemical Sensors




Which one of the following statements is true regarding the evolution of risk and risk
management?
Select one:
A. The definitions of risk and risk management have become considerably more

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