RMI 2302 Exam Questions and Answers
Graded A+
pure risk - Correct answer-simply loss or no loss
speculative risk - Correct answer-loss no loss or gain
static risk - Correct answer-stays the same over time
dynamic risk - Correct answer-changes over time
fundamental risk - Correct answer-affects a large portion of the population at the
same time
particular risk - Correct answer-affects a small portion of the population at the
same time
core risk - Correct answer-a risk assumed with business
secondary risk - Correct answer-a side effect of business
personal risk - Correct answer-health
property risk - Correct answer-cars, clothing, building, assets
liability risk - Correct answer-held responsible for actions
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, financial risks - Correct answer-investments
sources of risk - Correct answer-personal
property
financial
liability
categories of risk - Correct answer-pure vs. speculative
static vs. dynamic
fundamental vs. particular
core vs. secondary
attitudes towards risk - Correct answer-risk neutral
risk adverse
risk seeker
risk neutral - Correct answer-indifferent towards risk
risk adverse - Correct answer-prefer to avoid risk
risk seeker - Correct answer-prefer risk
peril - Correct answer-the immediate cause of loss
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Graded A+
pure risk - Correct answer-simply loss or no loss
speculative risk - Correct answer-loss no loss or gain
static risk - Correct answer-stays the same over time
dynamic risk - Correct answer-changes over time
fundamental risk - Correct answer-affects a large portion of the population at the
same time
particular risk - Correct answer-affects a small portion of the population at the
same time
core risk - Correct answer-a risk assumed with business
secondary risk - Correct answer-a side effect of business
personal risk - Correct answer-health
property risk - Correct answer-cars, clothing, building, assets
liability risk - Correct answer-held responsible for actions
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, financial risks - Correct answer-investments
sources of risk - Correct answer-personal
property
financial
liability
categories of risk - Correct answer-pure vs. speculative
static vs. dynamic
fundamental vs. particular
core vs. secondary
attitudes towards risk - Correct answer-risk neutral
risk adverse
risk seeker
risk neutral - Correct answer-indifferent towards risk
risk adverse - Correct answer-prefer to avoid risk
risk seeker - Correct answer-prefer risk
peril - Correct answer-the immediate cause of loss
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
