Write true if the statement is true or false if the statement is false on the answer sheet provided

1. Static risks are less predictable and controllable than dynamic risk

2. The higher the R&Rn, the higher the risk, meaning variability decreases.

3. Risk measurement is the first and the difficult step in risk management process

4. visit to premises, plants, or processes, locations, departments, and units are not

important to identify risk

5. Under a lease, the tenant may be able to shift to the landlord any responsibility the

tenant may have for damage to the landlords premises caused by the tenants

negligence. This best explains transfer of property

6. Moral hazard is a condition that originates from the careless act of individuals

7. The more knowledgeable the person is, the more certain it will be concerning the future events and the higher will be the risk

8. If the total number of possible outcomes cannot be determined, the Poisson probability distribution can be used

Write true if the statement is true or false if the statement is false on the answer sheet provided 1. Static risks are less predictable and controllable than dynamic risk 2. The higher the Ru&R., the higher the risk, meaning variability decreases. 3. Risk measurement is the first and the difficult step in risk management process 4. visit to premises, plants, or processes, locations, departments, and units are not important to identify risk 5. Under a lease, the tenant may be able to shift to the landlord any responsibility the tenant may have for damage to the landlord's premises caused by the tenant's negligence. This best explains transfer of property 6. Moral hazard is a condition that originates from the careless act of individuals 7. The more knowledgeable the person is, the more certain it will be concerning the future events and the higher will be the risk 8. If the total number of possible outcomes cannot be determined, the Poisson probability distribution can be used