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Rationalism - correct answer - the view that "regards reason as the chief source and test of knowledge" or "any view appealing to reason as a source of knowledge or justification". - a methodology or a theory "in which the criterion of the truth is not sensory but intellectual and deductive". Empiricism - correct answer a theory which states that knowledge comes only or primarily from sensory experience A Priori - correct answer deductive reasoning A Posteriori - ...

Who is a philosopher, in the original sense of the world? - correct answer A lover and pursuer of wisdom, regardless of the subject matter. Which is a common characteristic of philosophical questions? - correct answer They involve fundamental concepts that are unavoidable by the thoughtful person. Which of the following is a common myth about philosophy? - correct answer Philosophical questions are simply semantic disputes in which no one opinion is any better or worse than ...

What are the 2 types (or sides) of philosophical thinking? Explain. - correct answer Constructive: Answering questions; Critical: Questioning answers What is the difference between philosophy and religion? - correct answer Religion includes commitment, worship, and specific beliefs whereas philosophy does not. What is the difference between philosophy and science? - correct answer Science is restricted to the natural world and has restrictions What are the 4 principles fo...

What is philosophy? What are the main areas of philosophy? - correct answer philosophy= love of wisdom epistemology (knowledge vs opinion or mere belief) metaphysics (reality vs appearance), philosophical evidence (meta ethnics, normative ethnics, applied ethnics), logic (as opposed to rhetoric) what is the traditional (tripartite) account of knowledge? What is empiricism? What is rationalism? - correct answer empiricism- what you get from observation & knowledge based on senes....

theory that human subjective states determine the nature of the real and true - correct answer subjectivism a sophist who beleived truth is in perception, man is the measure of all things, since man is the only entity capable of answering his perceptions must be true - correct answer Protagoras of Abdera a false argument, usually made to deceive someone - correct answer sophism "Of all things, the measure is humanity. Of the reality of those that are, and the unreality o...

Philharmonic - correct answer Loving music Philatelist - correct answer Lover of stamps Philosophy - correct answer Love of wisdom Philander - correct answer To flirt; To love lightly Bibliophile - correct answer Lover of books Philoprogenitive - correct answer Loving one's children Philanthropist - correct answer Lover of mankind Philter - correct answer A love charm Philodendron - correct answer A wood-loving plant

an argument is deductively valid when it is possible for some of the premise to be true and the conclusion to be false - correct answer false Validity unlike soundless is a purely formal matter - correct answer true Unlike the concept of validty, the actual truth of the premises is crucial in determining whether or not the argument is sound or not - correct answer true While all sound arguments will be sound, not all sound arguments will be valid - correct answer fal...

1 Exam (elaborations) Risk Management Quizlet Exam Questions And Answers Already Graded A+ Passed/2024. 2 Exam (elaborations) Chapter 7: Risk Management and Chapter 8: Cost Management Practical Questions With Actual Exam Complete Answers/2024. 3 Exam (elaborations) Risk Financing: Risk Retention part 2 Exam Retake Questions And Answers/2024. 4 E

Risk management - correct answer A scientific approach to handling risks by anticipating possible losses and designing and implementing procedures that minimize the occurrence of loss or the financial impact of the losses that do occur. It is a process which attempts to minimize the cost of risk. How can we reduce risk and at a low cost? Pre-loss objectives of risk management - correct answer 1. Prepare for potential losses in the most economical way. 2. Reduction of anxie...

Risk - correct answer The possibility of financial loss Risk Management - correct answer The systematic process of managing an organization's risk exposure to achieve objectives in a manner consistent with public interest, human safety, environmental factors and the law. 3 Kinds of Risk - correct answer Economic, Natural, Human Economic Risks - correct answer These risks occur from changes in overall business conditions. Economic Risks include - correct answer ...

Risk management - correct answer identifying, analyzing, and responding to risk factors throughout the life of a project and in the best interest of its objectives Project risk - correct answer an uncertain event or condition that, if it occurs, has a positive or negative effect on one or more project objectives such as scope, schedule, cost, or quality 4 steps of systematic risk management - correct answer 1. risk identification 2. analysis of probability and consequences ...

6 main process/ roles of/ activities associated with risk financing - correct answer identifying and analyzing exposures, analyzing alternative risk financing techniques, selecting the best risk financing technique(s), implementing the selected technique(s), and monitoring the selected technique(s) Deductible - correct answer Amount you must pay before you begin receiving any benefits from your insurance company Risk Control - correct answer techniques that reduce the fr...

What is credit risk? - correct answer It is the potential for loss due to a counterparty failing to meet its financial obligations in accordance with agreed terms. (Credit taker cant meet obligation in time) What are the sources of credit risk for a bank? - correct answer - Direct lending --> Large corporates --> Small and medium business --> Retail - Traditional off-balance sheet business (e.g. direct credit substitutes, commitments) - Investments - Capital market...

Reduces the emphasis on the need for medical evaluation in healthy, asymptomatic individuals - correct answer Differences in previous risk classification guidelines from the past to the present edition. Uses the term risk classification to group individuals as low, moderate, or high risk based on the presence or absence of CVD risk factors, signs and symptoms, and or cardiovascular pulmonary, renal or metabolic disease - correct answer Differences in previous risk classification gui...

Why is a risk management plan important - correct answer i. Extremely Valuable is the event of legal action against your organizations ii. a solidly proactive programs shows intent iii. A program managing risk services as a deterrent to being sued and, if you are sued, as evidence of intent to act responsibly iv. 85% of all accident are preventable v. Reduce losses (money) vi. Track claims What is the risk management process? - correct answer 1. Identification 2. Analysis 3. ...

Risk Society - correct answer tries to deal with change on a global scale Sociology - correct answer Can be seen as part of risk society- we want to analyse and predict and sociologists are seen as experts Hurricane Katrina 2005 - correct answer 1800 dead, hit most vulnerable part of society Examples of risks - correct answer concern for environment- pollution/ nuclear war Sustainability - correct answer official environmentalism- how can we keep the earth go...

Risk - correct answer a condition of either positive or negative uncertainty arising from a given set of circumstances. Pure risk - correct answer involve situations or incidents whose only outcomes can either be loss or no loss. No possibility of gain. Speculative risk - correct answer possibility of loss or no loss but involves the chance of gain, even when there is no loss. loss - correct answer a reduction in asset value - ex: a business interruption, physical pr...

risk - correct answer uncertainity concerning the occurrence of a loss objective risk - correct answer variation of actual loss from expected loss... an actual number that can be calculated subjective risk - correct answer uncertainty based on mental condition or state of mind... based on past experiences chance of loss - correct answer probability that an event will occur objective probability - correct answer long run relative frequency of an event... has a...

Risk Financing - correct answer Deals with sources of funds to pay for losses. -External or internal funds -Does not entail giving control -Uses financial means to deal with risk. 1. Seek external sources from 3rd party to finance losses 2. Still have activity or asset exposed to loss 3. Transfer financial responsibility, not asset itself. -Loss can still come back to you (insurance fraud) Insurance - correct answer Transfer the financial responsibility of the loss to an ins...

risk - correct answer - uncertainty concerning loss - the variation in the outcomes that could occur over a specified period in a given situation. - a condition in which there is a possibility of an adverse deviation from the desired outcome that is excepted or hoped for. - volatility of unexpected outcomes. - uncertainty about outcomes that can be either negative or positive. cost of risk - correct answer Includes the outlay to reduce risk, the opportunity of activities for gon...