Question: The risk quantification process compares los exposures relative to two criteris Select one O a loss frequency, and loss severity Oh The cost of retention,

The risk quantification process compares los
The risk quantification process compares los exposures relative to two criteris Select one O a loss frequency, and loss severity Oh The cost of retention, and the cost of insurance Oc The cost of the exposure unit and the cost of insurance Od The loss frequency versus loss severity, and the cost of insurance Freddie Franks. Florida Funpark's risk manager, is trying to decide the best way to thance the park's property postele Florida hacia arricanes mecum frequency). Freddie believes the best risk financing for this property Select one O Retention, because the cost of insurance may be quite ligh Ot Transfer, because the lors may be catastrophe Oc Retention, because the probability is a medium value on les rok mp Od Insurance, because he is concerned about legal ability The old saying in risk management: "Don't rika lot for a little is best exemplified by which of the long statements? Select one OaThe insurance policy deductible should be increased to the largest possible amount Ob Retention should always be used unless the loss severity is large OcTransfers should always be used unless the loss frequency is low Od Retention should not be used if the loss severity potential is high

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