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A] capacity. 6]The relative level of surplus in the insurance industry is called the industry's B) llabilities. C) reserves. DJ admitted assets. 7)A company has a fleet of 200 vehicles. On average, 50 vehicles per year experience property damage. What is the probability that any vehicle will be damaged in any given year? A) 10 percent B) 20 percent C) 25 percent DJ 50 percent 8]Some events cannot occur together because the occurrence of one event makes the occurrence of the second event impossible. Such events are called A) dependent events. B) independent events. C) conditional events. DJ mutually exclusive events 9)A method of characterizing the relationship between two or more variables and then using the characterization to make a prediction is called A] loss analysis. B] time value of money analysis. C) regression analysis. DJ capital budgeting analysis. 10]A grid charting the potential frequency and severity of losses is called a A) risk management information system. B) risk management Intranet. () risk management web site. ) risk map 1) The transfer of insurable risk to the capital markets through the creation of inancial instrument is called ) coefficient of risk. J securitization of risk. financial risk management. J enterprise risk management