CPCU 500 ACTUAL EXAM 2024 LATEST VERSION WITH 150 EXAM QUESTIONS AND CORRECT ANSWERS GRADED A (BRAND NEW!!)

CPCU 500 ACTUAL EXAM 2024 LATEST VERSION WITH 150 EXAM QUESTIONS AND CORRECT ANSWERS GRADED A (BRAND NEW!!) JNL Construction is a general contractor. As the risk management professional for JNL, Marie should be aware of the company's contractual obligations, as well as the contractual obligations that others owe JNL. This knowledge is necessary for Marie to meet which one of the following pre-loss risk management goals? Choose one answer. A. Legality B. Social responsibility C. Tolerable uncertainty D. Continuity of operations - ANSWER-A. Legality Delmond Manufacturing is opening a new manufacturing facility in a building that it purchased from a competitor. Using the information below, which one of the following represents the cost of risk of opening the new facility? New building cost $60.0 million Safety system upgrades $6.0 million Insurance premiums $1.5 million Retained losses $3.0 million Risk management department budget at the site $1.0 million Choose one answer.