In which of the following towns is the degree of objective risk from the peril of fire the highest?
A) Town A has 10,000 homes with an average loss of 2 percent and a range of 100-250 losses per year
B) Town B has 100,000 homes with an average loss of 5 percent and a range of 400-500 losses per year
C) Town C has 1,000 homes with an average loss of 1 percent and a range of 7-15 losses per year
D) Town D has 10,000 homes with an average loss of 3 percent and a range of 150-350 losses per year.
Correct Answer:
Verified
Q31: Match the descriptions with their terms:
-Credit risk,
Q32: Examples of physical hazards include
A) a building
Q33: Expressed as a percentage, what is the
Q34: Which of the following are steps in
Q35: Risk is defined as
A) uncertainty concerning loss
B)
Q37: Risk can be categorized as
A) objective-subjective and
Q38: Pure risk may be said to create
Q39: Which of the following does not involve
Q40: The formula used to calculate the degree
Q41: Which one of the following is not
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