瑞达 Rejda 保险教材英文练习题03.doc

Principles of Risk Management and Insurance, 11e (Rejda) Chapter 3 Introduction to Risk Management 1) Risk management is concerned with A) the identification and treatment of loss exposures. B) the management of speculative risks only. C) the management of pure risks that are uninsurable. D) the purchase of insurance only. Answer: A Question Status: Previous Edition 2) 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. Answer: B Question Status: Previous Edition 3) All of the following are risk management objectives prior to the occurrence of loss EXCEPT A) analysis of the cost of different techniques for handling losses. B) continuing operations after a loss. C) reduction of anxiety. D) meeting externally imposed obligations. Answer: B Question Status: Previous Edition 4) Preloss objectives of risk management include which of the following? I. Preparing for potential losses in the most economical way. II. Reduction of anxiety. A) I only B) II only C) both I and II D) neither I nor II Answer: C Question Status: Previous Edition 5) A risk manager is concerned with I. Identifying potential losses. II. Selecting the appropriate techniques for treating losses. A) I only B) II only C) both I and II D) neither I nor II Answer: C Question Status: Previous Edition 6) Sources of information that can be used by a risk manager to identify pure loss exposures include all of the following EXCEPT A) risk analysis questionnaires. B) currency exchange rates. C) physical inspections. D) past losses. Answer: B Question Status: Previous Edition 7) Loss severity is defined as the A) probable size of the losses which may occur during some period. B) probable number of losses which may occur during some period. C) probability that any particular piece of property may be totally destroyed. D) probability that a liability judgment may exceed a firms net worth.