FIN 341 EXAM questions well answered
to pass 2025 latest update
noninsurance transfers - correct answer ✔✔Transfers Risk to another party;
Hedging, incorporation, hold-harmless clause
Internal Risk Reduction - correct answer ✔✔diversification, investments in
information
Loss Control - correct answer ✔✔Reduced level of risky activity, increased
precautions risk avoidance
Diversification - correct answer ✔✔Do not depend on a single supplier for a key
component
Loss Reduction - correct answer ✔✔refers to activities to reduce the severity of
losses:
Duplication
Separation
Diversification
Loss Financing - correct answer ✔✔Retention and Self Insurance, Insurance,
Hedging, Risk Transfers
Risk Averse - correct answer ✔✔Having a low tolerance for risk
to pass 2025 latest update
noninsurance transfers - correct answer ✔✔Transfers Risk to another party;
Hedging, incorporation, hold-harmless clause
Internal Risk Reduction - correct answer ✔✔diversification, investments in
information
Loss Control - correct answer ✔✔Reduced level of risky activity, increased
precautions risk avoidance
Diversification - correct answer ✔✔Do not depend on a single supplier for a key
component
Loss Reduction - correct answer ✔✔refers to activities to reduce the severity of
losses:
Duplication
Separation
Diversification
Loss Financing - correct answer ✔✔Retention and Self Insurance, Insurance,
Hedging, Risk Transfers
Risk Averse - correct answer ✔✔Having a low tolerance for risk
