Unforeseen consequences Study guides, Class notes & Summaries

RMIN 4000 Final Exam Peril - ANS-Cause of loss Risk - ANS-Uncertainty about chance, timing, or amount of loss Chance of Loss - ANS-Probability that an event will occur Objective Risk - ANS-The relative variation of actual loss from expected loss; (ActualExpected)/Expected; higher variation means higher risk Law of Large Numbers - ANS-Objective risk varies inversely with the square root of the number of cases Subjective Risk - ANS-Uncertainty based on a person's mental condition or state ...

Who considered risk as a choice - Answer-Bernstein; "Risk is uncertainty about outcomes that can be either negative or positive" Definitions of Risk - Answer-ISO: effect of uncertainty on objects COSO: possibility that an event will occur and adversely affect achievement of outcomes RIMS: uncertain future outcome can be pos/neg RMI: Probable freq and probable magnitude of future loss CFA: Exposure to a proposition of which one is uncertain Definitions of Risk Management - Answer-ISO: Co...

Original Trolley correct answers person should choose to save as many lives as possible Footbridge Case correct answers - the trolley will either kill 5 people on the track, or Jones can flip the footbridge killing one portly fella - it is better to let 5 die than kill one Bystander Case correct answers - trolley will kill 5 unless bystander flips switch to kill one - it is better to kill one than to let 5 die - morally worse to kill then let die Consequentialism correct answers - "...

Test Bank and Solution Manuals for Introduction to Federal Income Taxation in Canada, 44th Edition () By Nathalie Johnstone CHAPTER 1 Introduction Solution 1: Identify section of the Act The following summary is discussed in more detail below: Case Topic Part Division Subdivision Provision (A) Person ..................................................... XVII — — subsection 248(1) (B) Donation by individual............................ I E a subsection 118.1(3) (C) Balance-due day......

WARFIGHTING PHILOSOPHY - •Maneuver warfare seeks to shatter the enemy's cohesion through a series of rapid, violent, and unexpected actions which create a turbulent and rapidly deteriorating situation with which the enemy cannot cope. •Besides traits such as endurance and courage that all warfare demands, maneuver warfare puts a premium on certain particular human skills and traits. It requires: - The temperament to cope with uncertainty. - Flexibility of mind to deal with fl...

Who coined the term Sociology - Auguste Comte. Founding father of sociology What do Durkheim, Marx, and Webster have in common? - Their collective interest in explaining the ever present misery lurking within modern society What are the steps in the research process - 1. observation 2. hypothesis testing 3 analysis of data 4 generalization What is the Hawthorne effect - An effect first discovered while observing work groups. The work groups increased their productivity as soon as they kn...

SPCE 310 Questions and Answers Already Passed intervention matched to the function of behavior typically result in effective and efficient outcomes by... All of the above Which of the following is NOT the foundational "big idea" in the FBA process: Behaviors are innate and a set part of the individual Which of the following is NOT one of the three methods for conducting an FBA: hypnosis Select ALL which are part of the indirect assessment in the FBA method: interviews with parent, teacher ...

Cpl’s Course Operations: Exam Questions and Answers (100% Correct). WARFIGHTING PHILOSOPHY •Maneuver warfare seeks to shatter the enemy's cohesion through a series of rapid, violent, and unexpected actions which create a turbulent and rapidly deteriorating situation with which the enemy cannot cope. •Besides traits such as endurance and courage that all warfare demands, maneuver warfare puts a premium on certain particular human skills and traits. It requires: - The temperament ...

CISA EXAM 1|45 Questions with Verified Answers 1. An IS auditor should expect which of the following items to be included in the request for proposal (RFP) when IS is procuring services from an independent service provider (ISP)? A References from other customers B Service level agreement (SLA) template C Maintenance agreement D Conversion plan - CORRECT ANSWER The answer is A An IS auditor should look for an independent verification that the ISP can perform the tasks being ...

CT Property and Casualty State Exam 100% Solved risk is the possibility a loss will occur. Two Types of Risks Speculative and Pure. Speculative Risk have a possibility of a loss and also the possibility of a gain. (not covered by insurance companies) examples of speculative risk Gambling and Investing. Pure Risks ONLY involve the possibility of experiencing a loss, not a gain. (covered by insurance companies) Example of Pure Risk Car Accidents Exposure The potential for accidents and other...