瑞达-Rejda-保险教材英文练习题03

1Copyright©2011PearsonEducation,Inc.PrinciplesofRiskManagementandInsurance,11e(Rejda)Chapter3IntroductiontoRiskManagement1)RiskmanagementisconcernedwithA)theidentificationandtreatmentoflossexposures.B)themanagementofspeculativerisksonly.C)themanagementofpurerisksthatareuninsurable.D)thepurchaseofinsuranceonly.Answer:AQuestionStatus:PreviousEdition2)Asituationorcircumstanceinwhichalossispossible,regardlessofwhetheralossoccurs,iscalledaA)deductible.B)lossexposure.C)lossavoidance.D)peril.Answer:BQuestionStatus:PreviousEdition3)AllofthefollowingareriskmanagementobjectivespriortotheoccurrenceoflossEXCEPTA)analysisofthecostofdifferenttechniquesforhandlinglosses.B)continuingoperationsafteraloss.C)reductionofanxiety.D)meetingexternallyimposedobligations.Answer:BQuestionStatus:PreviousEdition4)Prelossobjectivesofriskmanagementincludewhichofthefollowing?I.Preparingforpotentiallossesinthemosteconomicalway.II.Reductionofanxiety.A)IonlyB)IIonlyC)bothIandIID)neitherInorIIAnswer:CQuestionStatus:PreviousEdition5)AriskmanagerisconcernedwithI.Identifyingpotentiallosses.II.Selectingtheappropriatetechniquesfortreatinglosses.A)IonlyB)IIonlyC)bothIandIID)neitherInorIIAnswer:CQuestionStatus:PreviousEdition2Copyright©2011PearsonEducation,Inc.6)SourcesofinformationthatcanbeusedbyariskmanagertoidentifypurelossexposuresincludeallofthefollowingEXCEPTA)riskanalysisquestionnaires.B)currencyexchangerates.C)physicalinspections.D)pastlosses.Answer:BQuestionStatus:PreviousEdition7)LossseverityisdefinedastheA)probablesizeofthelosseswhichmayoccurduringsomeperiod.B)probablenumberoflosseswhichmayoccurduringsomeperiod.C)probabilitythatanyparticularpieceofpropertymaybetotallydestroyed.D)probabilitythataliabilityjudgmentmayexceedafirm'snetworth.Answer:AQuestionStatus:PreviousEdition8)LossfrequencyisdefinedastheA)probablesizeofthelossesthatmayoccurduringsomeperiod.B)probablenumberoflossesthatmayoccurduringsomeperiod.C)probabilitythatanyparticularpieceofpropertymaybetotallydestroyed.D)probabilitythataliabilityjudgmentmayexceedafirm'snetworth.Answer:BQuestionStatus:PreviousEdition9)TheworstlossthatcouldeverhappentoafirmisreferredtoastheA)maximumpossibleloss.B)probablemaximumloss.C)frequencyofloss.D)severityofloss.Answer:AQuestionStatus:PreviousEdition10)TheworstlossthatislikelytohappenisreferredtoastheA)maximumpossibleloss.B)probablemaximumloss.C)frequencyofloss.D)severityofloss.Answer:BQuestionStatus:PreviousEdition3Copyright©2011PearsonEducation,Inc.11)AllofthefollowingstatementsaboutavoidancearetrueEXCEPTA)Certainlossexposuresareneveracquired.B)Certainlossexposuresmaybeabandoned.C)Thechanceoflossforcertainlossexposuresmaybereducedtozero.D)Itcanbeusedforanylossexposurefacingafirm.Answer:DQuestionStatus:PreviousEdition12)AbandoninganexistinglossexposureisanexampleofA)avoidance.B)retention.C)noninsurancetransfer.D)insurancetransfer.Answer:AQuestionStatus:PreviousEdition13)Whichofthefollowingconditionsis(are)appropriateforusingretention?I.Lossesaredifficulttopredict.II.Theworstpossiblelossisnotserious.A)IonlyB)IIonlyC)bothIandIID)neitherInorIIAnswer:BQuestionStatus:PreviousEdition14)Whichofthefollowingstatementsregardingtheuseofretentionis(are)true?I.Retentionisbestusedforlossexposuresthathavealowfrequencyandahighseverity.II.Afinanciallystrongfirmcanhaveahigherretentionlevelthanafirmwhosefinancialpositionisweak.A)IonlyB)IIonlyC)bothIandIID)neitherInorIIAnswer:BQuestionStatus:PreviousEdition15)AllofthefollowingstatementsaboutcaptiveinsurersaretrueEXCEPTA)Theymayactasaprofitcenterbyinsuringpartiesotherthantheparentcompany.B)Theyprovideawaytoobtaintypesofinsurancethatmaybeunavailablefromcommercialinsurers.C)Theyincreasethevolatilityoftheparentcompany'searnings.D)Theymakeiteasierforafirmtohaveaccesstoreinsurance.Answer:CQuestionStatus:PreviousEdition4Copyright©2011PearsonEducation,Inc.16)Whichofthefollowingstatementsaboutself-insuranceis(are)true?I.Itisaformofplannedretention.II.Statelawusuallyprohibitsitsuseforworkerscompensation.A)IonlyB)IIonlyC)bothIandIID)neitherInorIIAnswer:AQuestionStatus:PreviousEdition17)AllofthefollowingarepotentialadvantagesofretentionEXCEPTA)lowerexpenses.B)increasedcashflow.C)encouragementoflossprevention.D)protectionfromcatastrophiclosses.Answer:DQuestionStatus:PreviousEdition18)Arestaurantownerleasedameetingroomattherestauranttoasecondparty.Theleasespecifiedthatthesecondparty,nottherestaurantowner,wouldberesponsibleforanyliabilityarisingoutoftheuseofthemeetingroom,andthattherestaurantownerwouldbeheldharmlessforanydamages.Therestaurantowner'suseofthehold-harmlessagreementisanexampleofA)retention.B)self-insurance.C)insurance.D)noninsurancetransfer.Answer:DQuestionStatus:PreviousEdition19)AllofthefollowingaredisadvantagesofnoninsurancetransfersEXCEPTA)Thepartytowhomthepotentiallossistransferredmaybeunabletopay.B)Thetransfermayfailbecausethecontractlanguageisambiguous.C)Theonlypotentiallossesthatcanbetransferredarethosethatarenotcommerciallyinsurable.D)Thenoninsurancetransfermaybecostly.Answer:CQuestionStatus:PreviousEdition20)A