Rmin 4000 test 1 Guías de estudio, Notas de estudios & Resúmenes
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![RMIN 4000 Test 1 Questions and Answers (GRADED A)](/docpics/4931595/6610589ad550f_4931595_121_171.jpeg)
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RMIN 4000 Test 1 Questions and Answers (GRADED A)
- Examen • 13 páginas • 2024
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Risk - ANSWER-a calculated possibility of a negative outcome 
 
Exposures - ANSWER-things of value (assets) that could be lost 
 
Perils - ANSWER-Things that can happen to assets 
 
Risk Management - ANSWER-Process that identifies loss exposures faced by an organization and selects the most appropriate techniques for treating such exposures. 
 
Calculated Possibility - ANSWER-a probabilistic outcome (chance of loss; likelihood of loss) that is known or estimated 
 
ranges from 0% - 100% 
 
Negat...
![RMIN 4000 Test 1 Brown UGA with Complete Solutions!](/docpics/4932661/6610746b3542d_4932661_121_171.jpeg)
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RMIN 4000 Test 1 Brown UGA with Complete Solutions!
- Examen • 8 páginas • 2024
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RMIN 4000 Test 1 Brown UGA with Complete Solutions 
 
 
RMIN 4000 Test 1 Brown UGA with Complete Solutions 
 
 
RMIN 4000 Test 1 Brown UGA with Complete Solutions 
 
 
RMIN 4000 Test 1 Brown UGA with Complete Solutions 
 
 
RMIN 4000 Test 1 Brown UGA with Complete Solutions 
 
 
RMIN 4000 Test 1 Brown UGA with Complete Solutions 
 
 
RMIN 4000 Test 1 Brown UGA with Complete Solutions 
 
 
RMIN 4000 Test 1 Brown UGA with Complete Solutions 
 
 
RMIN 4000 Test 1 Brown UGA with Complete Solutions 
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![RMIN 4000 Test 1 Questions and Answers (GRADED A+)](/docpics/4932787/661076c53ae15_4932787_121_171.jpeg)
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RMIN 4000 Test 1 Questions and Answers (GRADED A+)
- Examen • 13 páginas • 2024
- Disponible en paquete
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- $14.49
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Risk - ANSWER-a calculated possibility of a negative outcome 
 
Exposures - ANSWER-things of value (assets) that could be lost 
 
Perils - ANSWER-Things that can happen to assets 
 
Risk Management - ANSWER-Process that identifies loss exposures faced by an organization and selects the most appropriate techniques for treating such exposures. 
 
Calculated Possibility - ANSWER-a probabilistic outcome (chance of loss; likelihood of loss) that is known or estimated 
 
ranges from 0% - 100% 
 
Negat...
![RMIN 4000 Test 1 Brown UGA Exam Questions and Answers | 100% Pass!!](/docpics/4499712/65cc6f9a82966_4499712_121_171.jpeg)
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RMIN 4000 Test 1 Brown UGA Exam Questions and Answers | 100% Pass!!
- Examen • 10 páginas • 2024
- Disponible en paquete
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- $12.49
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RMIN 4000 Test 1 Brown UGA Exam Questions and 
Answers | 100% Pass!! 
Exposures -Answer-things of value (assets) that could be lost 
Perils -Answer-things that cause injury or loss 
risk -Answer-a calculated possibility of a negative outcome 
Frequency -Answer-the number of losses (such as fire or theft) that occur within a 
specified time period. aka the probability of a loss 
Severity -Answer-the dollar amount of a loss for a specific peril (fire, theft, collision) aka 
How much does it cost w...
![RMIN 4000 Test 1 Brown UGA with Complete Solutions!!](/docpics/4931230/66104ec8a5ee1_4931230_121_171.jpeg)
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RMIN 4000 Test 1 Brown UGA with Complete Solutions!!
- Examen • 8 páginas • 2024
-
Disponible en paquete
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- $11.59
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Exposures - ANSWER-things of value (assets) that could be lost 
 
Perils - ANSWER-things that cause injury or loss 
 
risk - ANSWER-a calculated possibility of a negative outcome 
 
Frequency - ANSWER-the number of losses (such as fire or theft) that occur within a specified time period. aka the probability of a loss 
 
Severity - ANSWER-the dollar amount of a loss for a specific peril (fire, theft, collision) aka How much does it cost when the loss does occur? 
 
Hazard - ANSWER-a condition tha...
![RMIN 4000 Test 1 Brown UGA with Complete Solutions(Rated A+)](/docpics/4938856/661195e3d5c18_4938856_121_171.jpeg)
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RMIN 4000 Test 1 Brown UGA with Complete Solutions(Rated A+)
- Examen • 8 páginas • 2024
-
Disponible en paquete
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- $10.99
- + aprende más y mejor
RMIN 4000 Test 1 Brown UGA with Complete SolutiExposures - ANSWER-things of value (assets) that could be lost 
 
Perils - ANSWER-things that cause injury or loss 
 
risk - ANSWER-a calculated possibility of a negative outcome 
 
Frequency - ANSWER-the number of losses (such as fire or theft) that occur within a specified time period. aka the probability of a loss 
 
Severity - ANSWER-the dollar amount of a loss for a specific peril (fire, theft, collision) aka How much does it cost when the loss...
![RMIN 4000 Test 1 Brown UGA Study Guide 2024 with complete solution](/docpics/4328800/65b262630af0d_4328800_121_171.jpeg)
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RMIN 4000 Test 1 Brown UGA Study Guide 2024 with complete solution
- Examen • 7 páginas • 2024
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- $13.99
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RMIN 4000 Test 1 Brown UGA Study Guide 2024 with complete solution 
 
 
Exposures 
things of value (assets) that could be lost 
Perils 
things that cause injury or loss 
risk 
a calculated possibility of a negative outcome 
Frequency 
the number of losses (such as fire or theft) that occur within a specified time period. aka the probability of a loss 
Severity 
the dollar amount of a loss for a specific peril (fire, theft, collision) aka How much does it cost when the loss does occur? 
Hazard 
a...
RMIN 4000 Test 1 Brown UGA.
![RMIN 4000 Test 1(Chapters 1-4) with Complete Solutions(Rated A+)](/docpics/4939212/6611a317f0f19_4939212_121_171.jpeg)
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RMIN 4000 Test 1(Chapters 1-4) with Complete Solutions(Rated A+)
- Examen • 7 páginas • 2024
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Disponible en paquete
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- $10.99
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RMIN 4000 Test 1(Chapters 1-4) with Complete Solutions(Rated A+) 
 
Traditional definition of risk - ANSWER-uncertainty 
 
Definition of risk - ANSWER-uncertainty about chance, timing, or amount of loss 
 
Chance of loss - ANSWER-the probability that an event will occur 
 
Objective risk - ANSWER-the relative variation of actual loss from expected loss 
 
Law of Large Numbers - ANSWER-Objective risk varies inversely with the square root of the number of cases E.X. car insurance 
 
subjective ris...
RMIN 4000 Test 1 Brown UGA Questions and Answers 2024
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