Click Submit to complete this assessment. Risk management is concerned with the management of speculative risks only. O the identification and treatment of loss exposures. the management of pure risks that are uninsurable O the purchase of insurance only Click Submit to complete this assessment. Question 30 Moving to another question will save this response. Question 1 ARJAM Insurance Company has an overall operating ratio of 1.2, based on this which of the following statements is true? O ARJAM is profitable O The market has an overall operating ratio is 0.9, this means ARJAM is better than the market. O It's closest competitor has an overall operating ratio of 1.9, this means ARJAM is worse than this competitor O None of the above are true. Moving to another question will save this response. L Moving to another question will save this response. Question 2 Which of the following two statements is true? A company prefers having a low loss ratio II. A company prefers having a high overall operating ratio OI only Oll only O Both I and II O Neither I nor II Moving to another question will save this response