Question: Please Help Me To Answer This (A) Perintis (M) Sdn Bhd builds infrastructure domestically and internationally. The Company has expanded beyond it's core focus and
Please Help Me To Answer This
(A)
Perintis (M) Sdn Bhd builds infrastructure domestically and internationally. The Company has expanded beyond it's core focus and into property development, highway tolling concessions, and port operations. The company expected that one-fourth of their 100 workers will be injured in the coming year. The expected severity per occurrence is RM2,000. What is the expected loss per exposure? * RM$500 RM400 RM375 RM300
(B)
Which one of the following is/are potential benefit/(s) of loss control efforts to improve workplace safety? * Select all that apply improved marginal cost of safety reduced insurance premiums increased worker productivity reduced expected losses
(C)
A listing of a random variables possible outcomes and the respective probabilities of those outcomes is called the: * probability distribution correlation standard deviation expected value
(D)
Which of the following is/ are the key feature (s) of loss distributions that would be considered by risk managers? * Select all that apply. maximum probable loss standard deviation expected value least probable loss
(E)
A bundled insurance policy with a single overall retention limit can help a firm * develop simpler contracts avoid the problem of two contracts providing duplicate coverage understand the disaggregated loss distributions avoid purchasing unnecessary coverage
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
