瑞达 Rejda 保险教材英文练习题03.docx

瑞达 Rejda 保险教材英文练习题03.docx

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瑞达Rejda保险教材英文练习题03

PrinciplesofRiskManagementandInsurance,11e（Rejda）

Chapter3IntroductiontoRiskManagement

1）Riskmanagementisconcernedwith

A）theidentificationandtreatmentoflossexposures.

B）themanagementofspeculativerisksonly.

C）themanagementofpurerisksthatareuninsurable.

D）thepurchaseofinsuranceonly.

Answer:

A

QuestionStatus:

PreviousEdition

2）Asituationorcircumstanceinwhichalossispossible,regardlessofwhetheralossoccurs,iscalleda

A）deductible.

B）lossexposure.

C）lossavoidance.

D）peril.

Answer:

B

QuestionStatus:

PreviousEdition

3）AllofthefollowingareriskmanagementobjectivespriortotheoccurrenceoflossEXCEPT

A）analysisofthecostofdifferenttechniquesforhandlinglosses.

B）continuingoperationsafteraloss.

C）reductionofanxiety.

D）meetingexternallyimposedobligations.

Answer:

B

QuestionStatus:

PreviousEdition

4）Prelossobjectivesofriskmanagementincludewhichofthefollowing

I.Preparingforpotentiallossesinthemosteconomicalway.

II.Reductionofanxiety.

A）Ionly

B）IIonly

C）bothIandII

D）neitherInorII

Answer:

C

QuestionStatus:

PreviousEdition

5）Ariskmanagerisconcernedwith

I.Identifyingpotentiallosses.

II.Selectingtheappropriatetechniquesfortreatinglosses.

A）Ionly

B）IIonly

C）bothIandII

D）neitherInorII

Answer:

C

QuestionStatus:

PreviousEdition

6）SourcesofinformationthatcanbeusedbyariskmanagertoidentifypurelossexposuresincludeallofthefollowingEXCEPT

A）riskanalysisquestionnaires.

B）currencyexchangerates.

C）physicalinspections.

D）pastlosses.

Answer:

B

QuestionStatus:

PreviousEdition

7）Lossseverityisdefinedasthe

A）probablesizeofthelosseswhichmayoccurduringsomeperiod.

B）probablenumberoflosseswhichmayoccurduringsomeperiod.

C）probabilitythatanyparticularpieceofpropertymaybetotallydestroyed.

D）probabilitythataliabilityjudgmentmayexceedafirm'snetworth.

Answer:

A

QuestionStatus:

PreviousEdition

8）Lossfrequencyisdefinedasthe

A）probablesizeofthelossesthatmayoccurduringsomeperiod.

B）probablenumberoflossesthatmayoccurduringsomeperiod.

C）probabilitythatanyparticularpieceofpropertymaybetotallydestroyed.

D）probabilitythataliabilityjudgmentmayexceedafirm'snetworth.

Answer:

B

QuestionStatus:

PreviousEdition

9）Theworstlossthatcouldeverhappentoafirmisreferredtoasthe

A）maximumpossibleloss.

B）probablemaximumloss.

C）frequencyofloss.

D）severityofloss.

Answer:

A

QuestionStatus:

PreviousEdition

10）Theworstlossthatislikelytohappenisreferredtoasthe

A）maximumpossibleloss.

B）probablemaximumloss.

C）frequencyofloss.

D）severityofloss.

Answer:

B

QuestionStatus:

PreviousEdition

11）AllofthefollowingstatementsaboutavoidancearetrueEXCEPT

A）Certainlossexposuresareneveracquired.

B）Certainlossexposuresmaybeabandoned.

C）Thechanceoflossforcertainlossexposuresmaybereducedtozero.

D）Itcanbeusedforanylossexposurefacingafirm.

Answer:

D

QuestionStatus:

PreviousEdition

12）Abandoninganexistinglossexposureisanexampleof

A）avoidance.

B）retention.

C）noninsurancetransfer.

D）insurancetransfer.

Answer:

A

QuestionStatus:

PreviousEdition

13）Whichofthefollowingconditionsis（are）appropriateforusingretention

I.Lossesaredifficulttopredict.

II.Theworstpossiblelossisnotserious.

A）Ionly

B）IIonly

C）bothIandII

D）neitherInorII

Answer:

B

QuestionStatus:

PreviousEdition

14）Whichofthefollowingstatementsregardingtheuseofretentionis（are）true

I.Retentionisbestusedforlossexposuresthathavealowfrequencyandahighseverity.

II.Afinanciallystrongfirmcanhaveahigherretentionlevelthanafirmwhosefinancialpositionisweak.

A）Ionly

B）IIonly

C）bothIandII

D）neitherInorII

Answer:

B

QuestionStatus:

PreviousEdition

15）AllofthefollowingstatementsaboutcaptiveinsurersaretrueEXCEPT

A）Theymayactasaprofitcenterbyinsuringpartiesotherthantheparentcompany.

B）Theyprovideawaytoobtaintypesofinsurancethatmaybeunavailablefromcommercialinsurers.

C）Theyincreasethevolatilityoftheparentcompany'searnings.

D）Theymakeiteasierforafirmtohaveaccesstoreinsurance.

Answer:

C

QuestionStatus:

PreviousEdition

16）Whichofthefollowingstatementsaboutself-insuranceis（are）true

I.Itisaformofplannedretention.

II.Statelawusuallyprohibitsitsuseforworkerscompensation.

A）Ionly

B）IIonly

C）bothIandII

D）neitherInorII

Answer:

A

QuestionStatus:

PreviousEdition

17）AllofthefollowingarepotentialadvantagesofretentionEXCEPT

A）lowerexpenses.

B）increasedcashflow.

C）encouragementoflossprevention.

D）protectionfromcatastrophiclosses.

Answer:

D

QuestionStatus:

PreviousEdition

18）Arestaurantownerleasedameetingroomattherestauranttoasecondparty.Theleasespecifiedthatthesecondparty,nottherestaurantowner,wouldberesponsibleforanyliabilityarisingoutoftheuseofthemeetingroom,andthattherestaurantownerwouldbe"heldharmless"foranydamages.Therestaurantowner'suseofthehold-harmlessagreementisanexampleof

A）retention.

B）self-insurance.

C）insurance.

D）noninsurancetransfer.

Answer:

D

QuestionStatus:

PreviousEdition

19）AllofthefollowingaredisadvantagesofnoninsurancetransfersEXCEPT

A）Thepartytowhomthepotentiallossistransferredmaybeunabletopay.

B）Thetransfermayfailbecausethecontractlanguageisambiguous.

C）Theonlypotentiallossesthatcanbetransferredarethosethatarenotcommerciallyinsurable.

D）Thenoninsurancetransfermaybecostly.

Answer:

C

QuestionStatus:

PreviousEdition

20）ABCInsuranceretainsthefirst$1millionofeachpropertydamagelossandpurchasesinsuranceforthatpartofanypropertylossthatexceeds$1million.Theinsuranceforpropertylossesabove$1millioniscalled

A）excessinsurance.

B）liabilityinsurance.

C）coinsurance.

D）primaryinsurance.

Answer:

A

QuestionStatus:

PreviousEdition

21）Whichofthefollowingstatementsabouttheuseofdeductiblesis（are）true

I.Theyrepresentriskretentionbyinsurancepurchasers.

II.Theytendtoincreasethecostofadjustingsmallclaims.

A）Ionly

B）IIonly

C）bothIandII

D）neitherInorII

Answer:

A

QuestionStatus:

PreviousEdition

22）Whichofthefollowingstatementsaboutanexcessinsuranceplanistrue

A）Theinsurerdoesnotparticipateinalossuntilitexceedstheamountthefirmhasdecidedtoretain.

B）Theinsurerpaysfirstuptosomespecifiedlevel;theinsuredthenpaysalllossesexceedingtheinsurer'sretentionlevel.

C）Lossesinexcessofaspecifiedamountarenotcovered.

D）Theinsuredandinsurershareequallyinanylossthatoccurs.

Answer:

A

QuestionStatus:

PreviousEdition

23）Factorsariskmanagermustconsiderinselectinganinsurerincludewhichofthefollowing

I.Theavailabilityofriskmanagementservices.

II.Thefinancialstrengthoftheinsurer.

A）Ionly

B）IIonly

C）bothIandII

D）neitherInorII

Answer:

C

QuestionStatus:

PreviousEdition

24）Aninsurancepolicyspecificallywrittenanddesignedtomeettheneedsofaninsurancepurchaseriscalleda（n）

A）manuscriptpolicy.

B）bureaupolicy.

C）standardpolicy.

D）excesspolicy.

Answer:

A

QuestionStatus:

PreviousEdition

25）AllofthefollowingaredisadvantagesofusinginsuranceinariskmanagementprogramEXCEPT

A）Thereisanopportunitycostbecausepremiumsmustbepaidinadvance.

B）Considerabletimeandeffortmustbespentselectingandnegotiatingcoverages.

C）Itresultsinconsiderablefluctuationsinearningsafterlossesoccur.

D）Attitudestowardlosscontrolmaybecomelaxwhenlossesareinsured.

Answer:

C

QuestionStatus:

Revised

26）Whichofthefollowingtypesoflossexposuresmaybeappropriatelyhandledthroughthepurchaseofinsurance

I.High-frequency,low-severity

II.Low-frequency,high-severity

A）Ionly

B）IIonly

C）bothIandII

D）neitherInorII

Answer:

B

QuestionStatus:

PreviousEdition

27）Whichofthefollowingtypesoflossexposuresarebesthandledbytheuseofavoidance

A）low-frequency,low-severity

B）low-frequency,high-severity

C）high-frequency,low-severity

D）high-frequency,high-severity

Answer:

D

QuestionStatus:

PreviousEdition

28）Low-frequency,low-severitylossexposuresarebesthandledby

A）avoidance.

B）retention.

C）insurance.

D）noninsurancetransfer.

Answer:

B

QuestionStatus:

PreviousEdition

29）AllofthefollowingstatementsabouttheadministrationofariskmanagementprogramaretrueEXCEPT

A）Theriskmanagerisanimportantpartofafirm'smanagementteam.

B）Ariskmanagementpolicystatementcanbeusedtoeducatetopexecutivesabouttheriskmanagementprocess.

C）Ifariskmanagementprogramisproperlydesigned,periodicreviewoftheprogramisunnecessary.

D）Inordertoproperlyidentifylossexposures,theriskmanagerneedsthecooperationofotherdepartments.

Answer:

C

QuestionStatus:

PreviousEdition

30）CalwasjusthiredasXYZCompany'sfirstriskmanager.Calwouldliketoemploytheriskmanagementprocess.ThefirststepintheprocessCalshouldfollowisto

A）evaluatepotentiallossesfacedbyXYZCompany.

B）formulateatreatmentplanforXYZCompany'slossexposures.

C）identifypotentiallossesfacedbyXYZCompany.

D）implementandadministerariskmanagementplanforXYZCompany.

Answer:

C

QuestionStatus:

PreviousEdition

31）MembersofMid-SouthPetroleumDistributors,atradegroup,hadtroubleobtainingaffordablepollutionl