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）neitherInorII

Answer:

D

QuestionStatus:

PreviousEdition

17）AllofthefollowingareconsideredfinancialrisksEXCEPT

A）thedeclineinthevalueofabondportfoliobecauseofrisinginterestrates.

B）increasedcostofproductionbecauseofrisingcommodityprices.

C）lossofmoneybecauseofadversemovementsincurrencyexchangerates.

D）destructionofaproductionfacilitycausedbyanexplosion.

Answer:

D

QuestionStatus:

PreviousEdition

18）KatelynwasjustnamedRiskManagerofABCCompany.ShehasdecidedtocreateariskmanagementprogramwhichconsidersalloftherisksfacedbyABC-pure,speculative,operational,andstrategic-inasingleriskmanagementprogram.Suchaprogramiscalleda（n）

A）financialriskmanagementprogram.

B）enterpriseriskmanagementprogram.

C）fundamentalriskmanagementprogram.

D）consequentialriskmanagementprogram.

Answer:

B

QuestionStatus:

PreviousEdition

19）Apureriskisdefinedasasituationinwhichthereis

A）onlythepossibilityoflossornoloss.

B）onlythepossibilityofprofit.

C）apossibilityofneitherprofitnorloss.

D）apossibilityofeitherprofitorloss.

Answer:

A

QuestionStatus:

PreviousEdition

20）Theprematuredeathofanindividualisanexampleofa

A）purerisk.

B）speculativerisk.

C）fundamentalrisk.

D）physicalhazard.

Answer:

A

QuestionStatus:

PreviousEdition

21）Whichofthefollowingstatementsaboutspeculativerisksistrue?

A）Theyarealmostalwaysinsurablebyprivateinsurers.

B）Theyaremoreeasilypredictablethanpurerisks.

C）Theymaybenefitsocietyeventhoughalossoccurs.

D）Theyinvolveonlyachanceofloss.

Answer:

C

QuestionStatus:

Revised

22）Anautomobilethatisatotallossasaresultofacollisionisanexampleofwhichofthefollowingtypesofrisk?

I.Speculativerisk

II.Diversifiablerisk

A）Ionly

B）IIonly

C）bothIandII

D）neitherInorII

Answer:

B

QuestionStatus:

Revised

23）AllofthefollowingareprogramstoinsurefundamentalrisksEXCEPT

A）federallysubsidizedfloodinsurance.

B）autophysicaldamageinsurance.

C）SocialSecurity.

D）unemploymentinsurance.

Answer:

B

QuestionStatus:

PreviousEdition

24）AllofthefollowingareexamplesofpersonalrisksEXCEPT

A）poorhealth.

B）unemployment.

C）prematuredeath.

D）flood.

Answer:

D

QuestionStatus:

PreviousEdition

25）Whichofthefollowingisareasonwhyprematuredeathmayresultineconomicinsecurity?

I.Additionalexpensesassociatedwithdeathmaybeincurred.

II.Theincomeofthedeceasedperson'sfamilymaybeinadequatetomeetitsbasicneeds.

A）Ionly

B）IIonly

C）bothIandII

D）neitherInorII

Answer:

C

QuestionStatus:

PreviousEdition

26）Whichofthefollowingareoftenconsequencesoflong-termdisability?

I.Continuingmedicalexpenses

II.Lossorreductionofemployeebenefits

A）Ionly

B）IIonly

C）bothIandII

D）neitherInorII

Answer:

C

QuestionStatus:

PreviousEdition

27）AllofthefollowingareexamplesofdirectpropertylossesEXCEPT

A）thetheftofaperson'sjewelry.

B）thedestructionofafirm'smanufacturingplantbyanearthquake.

C）thecostofrentingasubstitutevehiclewhileacollision-damagedcarisbeingrepaired.

D）thevandalismofaperson'sautomobile.

Answer:

C

QuestionStatus:

PreviousEdition

28）Theextraexpenseincurredbyabusinesstostayinoperationfollowingafireisanexampleofa（n）

A）fundamentalrisk.

B）speculativerisk.

C）directloss.

D）indirectloss.

Answer:

D

QuestionStatus:

PreviousEdition

29）Whichofthefollowingstatementsaboutliabilityrisksis（are）true?

I.Futureincomeandassetscanbeattachedtopayjudgmentsifinadequateinsuranceiscarried.

II.Thereisanupperlimitontheamountofloss.

A）Ionly

B）IIonly

C）bothIandII

D）neitherInorII

Answer:

A

QuestionStatus:

PreviousEdition

30）AllofthefollowingareburdenstosocietybecauseofthepresenceofriskEXCEPT

A）Thesizeofanemergencyfundmustbeincreased.

B）Individualsmayprofitfromacceptingaspeculativerisk.

C）Societyisdeprivedofcertaingoodsandservices.

D）Mentalfearandworryarepresent.

Answer:

B

QuestionStatus:

PreviousEdition

31）Losscontrolincludeswhichofthefollowing?

I.Lossreduction

II.Lossprevention

A）Ionly

B）IIonly

C）bothIandII

D）neitherInorII

Answer:

C

QuestionStatus:

PreviousEdition

32）Followinggoodhealthhabitscanbecategorizedas

A）lossprevention.

B）riskretention.

C）noninsurancetransfer.

D）personalinsurance.

Answer:

A

QuestionStatus:

Revised

33）Fromtheinsured'sperspective,theuseofdeductiblesininsurancecontractsisanexampleof

A）risktransfer.

B）losscontrol.

C）riskavoidance.

D）riskretention.

Answer:

D

QuestionStatus:

PreviousEdition

34）Theuseoffire-resistivematerialswhenconstructingabuildingisanexampleof

A）risktransfer.

B）losscontrol.

C）riskavoidance.

D）riskretention.

Answer:

B

QuestionStatus:

PreviousEdition

35）AllofthefollowingstatementsaboutriskretentionaretrueEXCEPT

A）Itmaybeusedintentionallyifcommercialinsuranceisunavailable.

B）Itmaybeusedpassivelybecauseofignorance.

C）Itsuseismostappropriateforlow-frequency,high-severitytypesofrisks.

D）Itsuseresultsincostsavingsiflossesarelessthanthecostofinsurance.

Answer:

C

QuestionStatus:

PreviousEdition

36）Allofthefollowingaremethodsofnoni