Persons with significant, broad risk management experience often learn to gather much information about loss exposures simply by looking at paper records, leading them to expect certain typical assets, operations, and types of exposures. However, only can confirm these expectations.

$($Search Chapter $1)$

a$.$ a personal inspection of the premises

b$.$ a history of past losses

c$.$ an interview with personnel

d$.$ the opinion of the broker

While trying to determine whether she had actually reached the party she called on her cell phone, Lil failed to stop her car at a red light and collided with another vehicle that had a green light and the right of way. What hazard was involved in this scenario?

$($Search Chapter $1)$

a$.$ Collision

b$.$ Distracted driving

c$.$ Moral

d$.$ The traffic signal

While making a risk management presentation to corporate management, Julie senses that some members of her audience don't seem to understand the distinction between probability and possibility. Using her office building being struck by an airplane as an example, she points out that