瑞达Rejda保险教材英文练习题.docx

瑞达Rejda保险教材英文练习题.docx

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瑞达Rejda保险教材英文练习题

PrinciplesofRiskManagementandInsurance,11e（Rejda）

Chapter1RiskinOurSociety

1）Traditionally,riskhasbeendefinedas

A）anysituationinwhichtheprobabilityoflossisone.

B）anysituationinwhichtheprobabilityoflossiszero.

C）uncertaintyconcerningtheoccurrenceofloss.

D）theprobabilityofalossoccurring.Answer:

C

QuestionStatus:

PreviousEdition

2）Objectiveriskisdefinedas

A）theprobabilityofloss.

B）therelativevariationofactuallossfromexpectedloss.

C）uncertaintybasedonaperson'smentalconditionorstateofmind.

D）thecauseofloss.

Answer:

B

QuestionStatus:

PreviousEdition

3）Aninsurancecompanyestimatesitsobjectiveriskfor10,000exposurestobe10percent.Assumingtheprobabilityoflossremainsthesame,whatwouldhappentotheobjectiveriskifthenumberofexposuresweretoincreaseto1million?

A）Itwoulddecreaseto1percent.

B）Itwoulddecreaseto5percent.

C）Itwouldremainthesame.

D）Itwouldincreaseto20percent.Answer:

A

QuestionStatus:

PreviousEdition

4）Uncertaintybasedonaperson'smentalconditionorstateofmindisknownas

A）objectiverisk.

B）subjectiverisk.

C）objectiveprobability.

D）subjectiveprobability.Answer:

B

QuestionStatus:

PreviousEdition

5）Thelong-runrelativefrequencyofaneventbasedontheassumptionofaninfinitenumberofobservationswithnochangeintheunderlyingconditionsiscalled

A）objectiveprobability.

B）objectiverisk.

C）subjectiveprobability.

D）subjectiverisk.

Answer:

A

QuestionStatus:

PreviousEdition

6）Whichofthefollowingstatementsaboutaprioriprobabilitiesiscorrect?

A）Theyaresubjectiveprobabilitiesbasedonambiguityinthewayprobabilityisperceived.

B）Theyaresubjectiveprobabilitiesthatmayvaryamongindividualsbecauseoffactorssuchasage,gender,education,andtheuseofalcohol.

C）Theyareobjectiveprobabilitiesthatcanbedeterminedbydeductivereasoning.

D）Theyareobjectiveprobabilitiesthatcanbedeterminedbysubjectivereasoning.Answer:

C

QuestionStatus:

PreviousEdition

7）Anindividual'spersonalestimateofthechanceoflossis

A）anobjectiveprobability.

B）anobjectiverisk.

C）asubjectiveprobability.

D）anaprioriprobability.Answer:

C

QuestionStatus:

PreviousEdition

8）Aperilis

A）amoralhazard.

B）thecauseofaloss.

C）aconditionwhichincreasesthechanceofaloss.

D）theprobabilitythatalosswilloccur.Answer:

B

QuestionStatus:

PreviousEdition

9）Anearthquakeisanexampleofa

A）moralhazard.

B）peril.

C）physicalhazard.

D）objectiverisk.

Answer:

B

QuestionStatus:

PreviousEdition

10）Densefogthatincreasesthechanceofanautomobileaccidentisanexampleofa

A）speculativerisk.

B）peril.

C）physicalhazard.

D）moralhazard.

Answer:

C

QuestionStatus:

PreviousEdition

11）Fakinganaccidenttocollectinsuranceproceedsisanexampleofa

A）physicalhazard.

B）objectiverisk.

C）moralhazard.

D）attitudinalhazard.

Answer:

C

QuestionStatus:

Revised

12）Carelessnessorindifferencetoalossisanexampleof

A）physicalhazard.

B）objectiveprobability.

C）moralhazard.

D）attitudinalhazard.

Answer:

D

QuestionStatus:

Revised

13）Somecharacteristicsofthejudicialsystemandregulatoryenvironmentincreasethefrequencyandseverityofloss.Thishazardiscalled

A）moralhazard.

B）physicalhazard.

C）attitudinalhazard.

D）legalhazard.

Answer:

D

QuestionStatus:

Revised

14）TaylorTobaccoCompanyisconcernedthatthecompanymaybeheldliableinacourtoflawandorderedtopayalargedamageaward.Thecharacteristicsofthejudicialsystemthatincreasethefrequencyandseverityoflossesareknownas

A）moralhazard.

B）particularrisk.

C）speculativerisk.

D）legalhazard.

Answer:

D

QuestionStatus:

PreviousEdition

15）Aphrasethatencompassesallofthemajorrisksfacedbyabusinessfirmis

A）financialrisk.

B）speculativerisk.

C）enterpriserisk.

D）purerisk.

Answer:

C

QuestionStatus:

PreviousEdition

16）Whichofthefollowingstatementsaboutfinancialriskis（are）true?

I.Enterpriseriskdoesnotincludefinancialrisk.

II.Financialriskiseasilyaddressedthroughthepurchaseofinsurance.

A）Ionly

B）IIonly

C）bothIandII

D）neitherInorIIAnswer:

D

QuestionStatus:

PreviousEdition

17）AllofthefollowingareconsideredfinancialrisksEXCEPT

A）thedeclineinthevalueofabondportfoliobecauseofrisinginterestrates.

B）increasedcostofproductionbecauseofrisingcommodityprices.

C）lossofmoneybecauseofadversemovementsincurrencyexchangerates.

D）destructionofaproductionfacilitycausedbyanexplosion.Answer:

D

QuestionStatus:

PreviousEdition

18）KatelynwasjustnamedRiskManagerofABCCompany.ShehasdecidedtocreateariskmanagementprogramwhichconsidersalloftherisksfacedbyABC-pure,speculative,operational,andstr