Risk Management & Insurance Exm 1: Chapters 1, 2,
Chamberlain College Of Nursing
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Examen
Risk Management & Insurance Exam 1: Chapters 1, 2, 3, 5, 6, 7, 8 Rejda Rated A+
Risk management is concerned with 
the identification and treatment of loss exposures. 
A situation or circumstance in which a loss is possible, regardless of whether a loss occurs, is 
called a 
loss exposure 
Preloss objectives of risk management include which of the following? 
I. Preparing for potential losses in the most economical way. 
II. Reduction of anxiety. 
both I and II 
A risk manager is concerned with 
I. Identifying potential losses. 
II. Selecting the appropriate techniques for ...