Uncertainty avoidance Samenvattingen, Aantekeningen en Examens

CPCU 500,Becoming a Leader in Risk Management and Insurance Exam | Questions and Verified Answers| 100% Correct| Grade A (Latest 2023/ 2024 Update) Q: Which one of the following is an element of a loss exposure? Choose one answer. A. The verification of risk B. A cause of loss C. The probability of a loss D. The occurrence of a loss Answer: B. A cause of loss Q: The statement "There is a 5 percent chance that John will be injured in an automobile accident while drivi...

Chapter 15 MNB EXAM QUESTIONS 2024. 19) ________ is a useful predictor of managerial performance in China. A) Extroversion B) Emotional stability C) Openness D) Agreeableness - ANSWER Answer: A Diff: 2 Skill: Concept Objective: 1 70) ________ includes behaviors intending to ensure the safety and security of the leader and the group. A) Self-protective leadership B) Autonomous leadership C) Participative leadership D) Charismatic leadership - ANSWER Answer: A Diff: 3 Skill: Conce...

OrgB final Exam Questions with Correct Answers 100% Verified Rated A+ Communication - Correct Answer is the process by which information and meaning gets transferred from a sender to a receiver What are the four cultural divisions? - Correct Answer 1.Individualism v collectivism vs high power distance 3.Low vs High uncertainty avoidance 4.Masculine vs Feminine What is different between men and women's communication style? - Correct Answer Report Dynamic (w) vs Power Dynamic (m) ...

Insurance Answer - A method of spreading the result of financial loss among a large number people. Life Insurance Answer - A contract under which one party (the insurer) in consideration of the premium payment, agrees to pay an amount stipulated in the contract to a designated person (the beneficiary) upon the occurrence of a contingency defined in the contract (usually that of death). Indemnity Answer - The concept that insurance should restore the insured, in whole or in part, to the con...

Loss Sharing The spreading or pooling of risks over a large group of individuals Risk pooling Same as loss sharing Law of large numbers Science of probability and experience of mortality (death) & morbidity (sickness). The larger and more homogenous the group the more certain the predictions Risk Is defined as uncertainty regarding loss Speculative risk The chance of both loss and gain Pure risk Involve only the chance of loss. Only Pure risk is insurable Peril Is an immediate specific e...

BUSI 3250 Exam 1 Questions and Answers What are the 3 P's of sustainability? - Correct Answer ️️ -people, planet, profit Meeting the needs of the future without compromising the ability of future generation's to meet their needs - Correct Answer ️️ -Sustainable Development C.K. Prahalad popularized the term - Correct Answer ️️ -"Bottom of the Pyramid" What does "Bottom of the Pyramid" refer to? - Correct Answer ️️ -refers to the approximately 3 billion people who surv...

Which of the following terms best describes the chance of uncertainty or loss? - Risk In order to avert the financial loss that sometimes accompanies an auto collision, Robert chooses not to own or drive a car. Which of the following means of risk management is Robert practicing? - Risk Avoidance Which of the following is not a method of managing risk? - Measuring and quantifying the risk

Florida Insurance 2-14 Exam Terms 100% Correct Insurance Financial protection against loss or harm - An arrangement by which company gives customers financial protection against loss or harm such as theft or illness in return for premium payments. Life Insurance Is based on actuarial or mathematical principles and guarantees a specified sum of money upon the death of the person who is insured. Annuities Provide a stream of income by making a series of payments to the annuitant for the annuitan...

Insurance correct answer: protects from loss; transfer of risk Risk correct answer: uncertainty or chance of loss occurring Pure risk correct answer: can only result in loss and no gain; what insurance companies are willing to accept Speculative risk correct answer: opportunity for either loss or gain; like gambling Exposure correct answer: units of measure used to determine rates charged for insurance coverage (age, occupation, medical history and sex) Homogeneous correct an...

A condition or situation that presents a possibility of loss is a (an): correct answers exposure The purpose of insurance is to: correct answers transfer risk Which hazard can be described as a careless attitude or general indifference on the part of the insured toward the occurrence of loss? correct answers morale Which risk is insurable? correct answers pure With regard to insurance, risk can be defined as: correct answers uncertainty regarding loss Treating risk by purchasing i...