A situation or circumstance in which a loss is possible,regardless of whether a loss occurs,is called a
A) deductible.
B) loss exposure.
C) loss avoidance.
D) peril.
Correct Answer:
Verified
Q1: All of the following are disadvantages of
Q3: Abandoning an existing loss exposure is an
Q4: Which of the following is a source
Q5: Loss frequency is defined as the
A)probable size
Q6: A restaurant owner leased a meeting room
Q7: The worst loss that is likely to
Q8: Which of the following statements about self-insurance
Q9: The worst loss that could ever happen
Q10: Preloss objectives of risk management include which
Q11: Which of the following is a post-loss
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