ARM 401 - Chapter 5 Questions and Answers 2023/2024 Graded A+

Real Property - ANSWER-Refers to land and any type of structure permanently attached to it—buildings, driveways, sidewalks, underground piping, and infrastructure facilities, like bridges and transmission towers Tangible Personal Property - ANSWER-Personal Property that includes all the stuff—furnishings, equipment, supplies, and inventories—we encounter at home, at work, in school, and elsewhere. Intangible Personal Property - ANSWER-Personal Property that includes things that are not physical in nature but nonetheless hold value that can be identified, priced, sold, or damaged Natural Risk Sources - ANSWER-Risks that occur randomly in nature, including windstorms, floods, earthquakes, and volcanic eruptions, as well as any fires, explosions, and smoke that arise from them or from lightning strikes. Human Risk Sources - ANSWER-Risks that include deliberate acts of individuals or groups, as well as events that are not deliberate but involve some element of human intervention. Windstorm - ANSWER-A storm consisting of violent wind capable of causing damage. Tornado - ANSWER-A type of violent windstorm that consists of winds rotating at speeds of up to 300 miles per hour; a partial vacuum develops at the center of the storm (vortex). Box Action Design - ANSWER-Earthquake-resistant construction, used in buildings under three stories tall, that integrates roof and floor diaphragms that can flex to transmit and distribute the forces an earthquake exerts on a structure. Frame Action Design - ANSWER-Earthquake-resistant construction that relies on the resilience of steel or specially designed reinforced concrete to absorb energy while undergoing considerable distortion and return to their original shapes. - Age - Mobility - Awareness of the fire - Knowledge of the building - ANSWER-What are the 4 human characteristics that affect individuals? - Density