A useful measure for an organization to monitor is the total expenditures for treating loss exposures including retained losses,loss control expenses,insurance premiums,and other related expenses.This measure is called the organization's
A)cost of capital.
B)cost of goods sold.
C)cost of risk.
D)cost of equity.

Question

Quizplus · Accepted Answer

The total expenditures for treating loss exposures including retained losses, loss control expenses, insurance premiums, and other related expenses is called the organization's cost of risk. This measure is useful because it reflects the overall financial impact of the organization's risk management strategies and can help identify areas where improvements can be made to reduce costs associated with risk. Options A, B, and D are not relevant to this measure.

A Useful Measure for an Organization to Monitor Is the Total