Question: 16. 70. While preparing a risk map, risks like earthquake, tomado, mold exposure, and terrorism would usually: a. fall into the low-frequency/high-severity quadrant. b. fall

 16. 70. While preparing a risk map, risks like earthquake, tomado,

16. 70. While preparing a risk map, risks like earthquake, tomado, mold exposure, and terrorism would usually: a. fall into the low-frequency/high-severity quadrant. b. fall into the high-frequency/high-severity quadrant. c. fall into the low-frequency/low-severity quadrant. d. fall into the high-frequency/low-severity quadrant. e. be excluded because they usually cannot be insured and have to be retained. 17. If you want to ski in spite of the hazards involved, you can take instruction to improve your skills and reduce the likelihood of you falling down a hill or crashing into a tree. This is an example of: a. loss reduction, which reduces the probability of loss. b. loss prevention, which reduces the severity of loss. c. loss reduction, which reduces the severity of loss. d. loss reduction, which reduces the frequency of loss. e. loss prevention, which reduces the probability of loss

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!