风险管理与保险全套习题含答案（大学期末复习资料）.doc

PAGE 1 PAGE 97 Test Bank Chapter 1: Introduction to Risk PAGE 95 CHAPTER 1 Introduction to Risk TrueFalse 1. A peril is a contingency that can cause a loss. ANSWER: T 2. An objective risk is the risk based on the mental state of an individual who experiences uncertainty as to the outcome of an event. ANSWER: F 3. Pure risk exists when there is uncertainty as to whether loss will occur. ANSWER: T 4. If a loss is certain to occur, objective risk is zero. ANSWER: T 5. As the probability of an event occurring increases, the degree of objective risk also increases. ANSWER: F 6. Doing nothing about a risk exposure is a viable risk management technique. ANSWER: T 7. Enterprise risk management is concerned solely with the management of exposures to pure risks. ANSWER: F 8. As the number of exposure units increases, the degree of risk increases. ANSWER: F 9. As the chance of loss increases, the variation of actual from expected losses tends to increase if the number of exposures remains the same. ANSWER: F 10. Employee theft is an example of a morale hazard. ANSWER: F 11. The longrun chance of occurrence or relative frequency of a loss is defined to be the degree of risk. ANSWER: F 12. The threat of Congress enacting a costly environmental regulation is an example of a risk that is both pure and dynamic. ANSWER: T 13. The purchase of a stock that has little chance of earnings growth or price appreciation is an example of the assumption of a speculative risk. ANSWER: T 14. The degree of subjective risk is easily measured. ANSWER: F 15. The term objective risk is most often used in connection with pure static risks. ANSWER: T 16. If two companies have the same number of exposure units and experience the same average number of losses, then the degree of risk for each company tends to be equal. ANSWER: F 17. The degree of risk is essentially the same concept as the chance of loss. ANSWER: F 18. Fire is an example of a physical hazard. ANSWER: F Ma