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Principles of Risk Management and Insurance - assignment Please, get explain them to me. Application Questions 1. Assuming that the chance of loss is 3 percent for two different fleets of trucks. Explain how it is possible that objective risk for both fleets can be different even though the chance of loss is identical. 2. Several types of risk are present in the American economy. For each of the following, Identify the type of risk that is present. Explain your answer. a The Department of Homeland Security alerts the nation of a possible attack by terrorists. b A house may be severely damaged in a fire. c. A family head may be totally disabled in a plant explosion. d. An investor purchases 100 shares of Microsoft stock. e. A river that periodically overflows may cause substantial property damage to thousands of homes in the floodplain. f. Home buyers may be faced with higher mortgage payments if the Federal Reserve raises interest rates at its next meeting. g. A worker on vacation plays the slot machines in a casino. 3. There are several techniques available for managing risk. For each of the following risks, identify an appropriate technique, or combination of techniques, that would be appropriate for dealing with the risk. a. A family head may die prematurely because of a heart attack. b. An individual's home may be totally destroyed in a hurricane. c. A new car may be severely damaged in an auto accident. d. A negligent motorist may be ordered to pay a substantial liability judgment to someone who is injured in an auto accident. e. A surgeon may be sued for medical malpractice. 4. Andrew owns a gun shop in a high crime area. The Store does not have a camera surveillance system. The high cost of burglary and theft insurance has substantially reduced his profits. A risk management consult ant points out that several methods other than insurance can be used to handle the burglary and theft exposure. Identify and explain two noninsurance methods that could be used to deal with the burglary and theft exposure. 5. Risk managers use a number of methods for managing risk. For each of the following, what method for handling risk is used? Explain your answer. a. The decision not to carry earthquake insurance on a firm's main manufacturing plant. b. The installation of an automatic sprinkler system in a hotel c. The decision not to produce a product that might result in a product liability lawsuit d. Requiring retailers who sell the firm's product to sign an agreement releasing the firm from liability if the product injures someone.
you are the manager of the sales department at splendor company. sally has been your top sales representative
techniques for maintaining interest in trainingprovide a short explanation of the three techniques discussed by
1. Explain at least three reasons why there are so many divisions / denominations in the Christian religion. Explain what is meant by the term “synoptic gospels”, and discuss why this term is important for Christians when reading the Bible.
Crashing in the Critical Path Method accepts that the cost of crashing an activity is linearly proportional to the amount of time the activity is crashed that is the rate of cost rise is constant
Compare strengths, weaknesses, opportunities also threats of Nike to its competitors. How vision does also values affect how company will respond to each.
Assume that you are an inventory manager and you notice that a lot of merchandise is being returned. Discuss what might be the possible causes and any action that you might take.
If = 8,000 per month, = $45 per order, and = $2 per unit per month, Calculate the economic order quantity.
Which of the two types of international strategy does it seem to follow and does the company make use of work teams?
question about organization designexplain four challenges of organizational design. for each provide an explanation of
perceptions of american culturei think that we have been called ugly americans by people in other countries because
Investors are expected to pay $1,100 for the 12-year bond. Porky will pay $50 per bond in flotation costs. Illustrate what is the after-tax cost of new debt if the organization is in the 35% tax bracket?
define the four functions of management how does each relate to an organization1. define the four functions of
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