Frequency of loss is the
A) dollar amount of the loss if a loss occurs.
B) amount of loss as a percentage of total finances.
C) likelihood that a loss will occur.
D) method for avoiding risk.
Correct Answer:
Verified
Q1: Speculative risk is defined as the
A) exposure
Q2: A risk that produces only bad outcomes,
Q3: Pure risk is a type of risk
Q4: What is the first step in the
Q5: As in most financial planning, the last
Q7: If a loss occurs, the dollar value
Q8: Insurance is the risk management method usually
Q9: Which is not an appropriate risk management
Q10: Liability risk is the risk of being
Q11: The severity of loss involves estimating
A) the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents