瑞达Rejda保险教材英文练习题Word格式.docx
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QuestionStatus:
PreviousEdition
2)Objectiveriskisdefinedas
A)theprobabilityofloss.
B)therelativevariationofactuallossfromexpectedloss.
C)uncertaintybasedonaperson'
smentalconditionorstateofmind.
D)thecauseofloss.
Answer:
B
3)Aninsurancecompanyestimatesitsobjectiveriskfor10,000exposurestobe10percent.Assumingtheprobabilityoflossremainsthesame,whatwouldhappentotheobjectiveriskifthenumberofexposuresweretoincreaseto1million?
A)Itwoulddecreaseto1percent.
B)Itwoulddecreaseto5percent.
C)Itwouldremainthesame.
D)Itwouldincreaseto20percent.Answer:
A
4)Uncertaintybasedonaperson'
smentalconditionorstateofmindisknownas
A)objectiverisk.
B)subjectiverisk.
C)objectiveprobability.
D)subjectiveprobability.Answer:
5)Thelong-runrelativefrequencyofaneventbasedontheassumptionofaninfinitenumberofobservationswithnochangeintheunderlyingconditionsiscalled
A)objectiveprobability.
B)objectiverisk.
C)subjectiveprobability.
D)subjectiverisk.
6)Whichofthefollowingstatementsaboutaprioriprobabilitiesiscorrect?
A)Theyaresubjectiveprobabilitiesbasedonambiguityinthewayprobabilityisperceived.
B)Theyaresubjectiveprobabilitiesthatmayvaryamongindividualsbecauseoffactorssuchasage,gender,education,andtheuseofalcohol.
C)Theyareobjectiveprobabilitiesthatcanbedeterminedbydeductivereasoning.
D)Theyareobjectiveprobabilitiesthatcanbedeterminedbysubjectivereasoning.Answer:
7)Anindividual'
spersonalestimateofthechanceoflossis
A)anobjectiveprobability.
B)anobjectiverisk.
C)asubjectiveprobability.
D)anaprioriprobability.Answer:
8)Aperilis
A)amoralhazard.
B)thecauseofaloss.
C)aconditionwhichincreasesthechanceofaloss.
D)theprobabilitythatalosswilloccur.Answer:
9)Anearthquakeisanexampleofa
A)moralhazard.
B)peril.
C)physicalhazard.
D)objectiverisk.
10)Densefogthatincreasesthechanceofanautomobileaccidentisanexampleofa
A)speculativerisk.
D)moralhazard.
11)Fakinganaccidenttocollectinsuranceproceedsisanexampleofa
A)physicalhazard.
C)moralhazard.
D)attitudinalhazard.
Revised
12)Carelessnessorindifferencetoalossisanexampleof
B)objectiveprobability.
D
13)Somecharacteristicsofthejudicialsystemandregulatoryenvironmentincreasethefrequencyandseverityofloss.Thishazardiscalled
B)physicalhazard.
C)attitudinalhazard.
D)legalhazard.
14)TaylorTobaccoCompanyisconcernedthatthecompanymaybeheldliableinacourtoflawandorderedtopayalargedamageaward.Thecharacteristicsofthejudicialsystemthatincreasethefrequencyandseverityoflossesareknownas
B)particularrisk.
C)speculativerisk.
15)Aphrasethatencompassesallofthemajorrisksfacedbyabusinessfirmis
A)financialrisk.
B)speculativerisk.
C)enterpriserisk.
D)purerisk.
16)Whichofthefollowingstatementsaboutfinancialriskis(are)true?
I.Enterpriseriskdoesnotincludefinancialrisk.
II.Financialriskiseasilyaddressedthroughthepurchaseofinsurance.
A)Ionly
B)IIonly
C)bothIandII
D)neitherInorIIAnswer:
17)AllofthefollowingareconsideredfinancialrisksEXCEPT
A)thedeclineinthevalueofabondportfoliobecauseofrisinginterestrates.
B)increasedcostofproductionbecauseofrisingcommodityprices.
C)lossofmoneybecauseofadversemovementsincurrencyexchangerates.
D)destructionofaproductionfacilitycausedbyanexplosion.Answer:
18)KatelynwasjustnamedRiskManagerofABCCompany.ShehasdecidedtocreateariskmanagementprogramwhichconsidersalloftherisksfacedbyABC-pure,speculative,operational,andstr