Risk and uncertainty Study guides, Class notes & Summaries

Drones may be equipped with cameras that relay data in real-time Which one of the following uses infrared light to detect nearby objects? - Answer- Lidar AMRM Insurance Company sells insurance in Virginia, North Carolina, South Carolina, and Georgia. The company has compiled a policyowner data base that can be used to send text messages when hurricanes approach. The company provides early warnings, storm updates from the National Weather Service, and hurricane safety measures. The company ...

Complete Solutions Manual for Auditing: A Practical Approach, 4th Canadian Edition 4ce by Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren. ISBN-13: 9480 1 Introduction and Overview of Audit and Assurance 1-1 1.1 Auditing and Assurance Defined 1-4 1.2 Demand for Audit and Assurance Services 1-6 1.2.1 Financial Statement Users 1-6 1.2.2 Sources of Demand for Audit and Assurance Services 1-7 1.2.3 Theoretical Frameworks 1-8 1.2.4 Demand in a Voluntary Setting 1-9 ...

What is insurance? correct answer: Insurance transfers the risk of loss from an individual or business entity to an insurance company, which in turn spreads the costs of unexpected losses to many individuals. What is risk? correct answer: Risk is the uncertainty or chance of a loss occurring. What is peril? correct answer: Perils are the causes of loss insured against in an insurance policy. What are the elements of insurable risk? correct answer: Loss must be 1. due to chance 2....

Risk - correct answerThe chance or uncertainty of loss. Methods of Managing Risk - correct answer1. Avoid risk 2. Control risk 3. Retain a risk 4. Transfer a risk Avoid Risk - correct answerNever get into a car. Control Risk - correct answerTraining workers in the safe use of welding tools, or installing a sprinkler system in a factory. Retain a Risk - correct answerIf any loss occurs, people will pay for it themselves. Transfer a Risk - correct answerUse a Hold Harmless Agreem...

Perils correct answer: the cause of loss Policy Owner correct answer: the person who has the rights and privileges in the policy Risk correct answer: Uncertainty or chance of loss -Pure Risk(Insurable) -Speculative(Uninsurable) Insured correct answer: the person covered by the insurance policy insurer correct answer: a company that issues an insurance policy Law of large numbers correct answer: the larger the number of people with the same exposure to loss, the more predic...

HES4811 ASSIGNMENT 2 2023 () - DUE 2 August 2023 100% TRUSTED workings, explanations and solutions. For assistance call or whatsapp us on +25477 954 0132 . Activity 2.1 Understanding EMS planning, maintenance, and implementation terminologies [15 Marks] Indicate which definition is appropriate to the relevant ISO term by matching the term number with the definition’ letter symbol. Term Match ISO Definition Example: 0. Process 0 = A [1 mark] A) Set of interrelated or interacting acti...

NY Series 17-52 Questions and Answers 100% Pass How many eligible employees must be included in a contributory health insurance plan? 50% A man works for Company A and his wife works for Company B. The spouses are covered by health plans through their respective companies that also cover the other spouse. If the husband files a claim, The insurance through his company is primary. What is the period of coverage for events such as death or divorce under COBRA? 36 months Twenty-five days after ...

Risk management Exam 1 driver (updated - 2024) || Complete Solutions (100% Correct) Risk management Exam 1 driver (updated - 2024) || Complete Solutions (100% Correct) types of risk - ANSWER - Pure risk Speculative risk Subjective risk pure risk - ANSWER - Simply no loss or loss *insurance companies only deal with spectulative risk - ANSWER - loss or no loss or potential gain subjective risk - ANSWER - our attitudes towards risk (risk tolerance) *more difficult than pure and spe...

ASAP Exam 2024 (Questions and answers) 100% scores Twenty-first century business leaders must be able to: a. Bring out the best in a diverse workforce b. Minimize change and uncertainty c. Identify the best way to complete work tasks d. Access the greatest amount of information possible e. All the above - CORRECT ANSWER-a. Bring out the best in a diverse workforce (220) Intelligent risk-taking relies on a mindset that allows for: a. Mistakes b. Failure c. Success d. All the above ...

PLC2602 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 (751936) -DUE 19 August 2024 100% TRUSTED workings, explanations and solutions. For assistance call or us on . SECTION A: MULTIPLE CHOICE QUESTIONS QUESTION 1 Please indicate whether this statement is true or false. If public policy is the policy of government, it follows that public policy can be applied to even the most undemocratic forms of government such as totalitarianism and authoritarianism. a. True b. False PLC2602...