瑞达Rejda保险教材英文练习题0.docx
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瑞达Rejda保险教材英文练习题0
PrinciplesofRiskManagementandInsurance,11e(Rejda)
Chapter1RiskinOurSociety
1)Traditionally,riskhasbeendefinedas
A)anysituationinwhichtheprobabilityoflossisone.
B)anysituationinwhichtheprobabilityoflossiszero.
C)uncertaintyconcerningtheoccurrenceofloss.
D)theprobabilityofalossoccurring.
Answer:
C
QuestionStatus:
PreviousEdition
2)Objectiveriskisdefinedas
A)theprobabilityofloss.
B)therelativevariationofactuallossfromexpectedloss.
C)uncertaintybasedonaperson'smentalconditionorstateofmind.
D)thecauseofloss.
Answer:
B
QuestionStatus:
PreviousEdition
3)Aninsurancecompanyestimatesitsobjectiveriskfor10,000exposurestobe10percent.Assumingtheprobabilityoflossremainsthesame,whatwouldhappentotheobjectiveriskifthenumberofexposuresweretoincreaseto1million?
A)Itwoulddecreaseto1percent.
B)Itwoulddecreaseto5percent.
C)Itwouldremainthesame.
D)Itwouldincreaseto20percent.
Answer:
A
QuestionStatus:
PreviousEdition
4)Uncertaintybasedonaperson'smentalconditionorstateofmindisknownas
A)objectiverisk.
B)subjectiverisk.
C)objectiveprobability.
D)subjectiveprobability.
Answer:
B
QuestionStatus:
PreviousEdition
5)Thelong-runrelativefrequencyofaneventbasedontheassumptionofaninfinitenumberofobservationswithnochangeintheunderlyingconditionsiscalled
A)objectiveprobability.
B)objectiverisk.
C)subjectiveprobability.
D)subjectiverisk.
Answer:
A
QuestionStatus:
PreviousEdition
6)Whichofthefollowingstatementsaboutaprioriprobabilitiesiscorrect?
A)Theyaresubjectiveprobabilitiesbasedonambiguityinthewayprobabilityisperceived.
B)Theyaresubjectiveprobabilitiesthatmayvaryamongindividualsbecauseoffactorssuchasage,gender,education,andtheuseofalcohol.
C)Theyareobjectiveprobabilitiesthatcanbedeterminedbydeductivereasoning.
D)Theyareobjectiveprobabilitiesthatcanbedeterminedbysubjectivereasoning.
Answer:
C
QuestionStatus:
PreviousEdition
7)Anindividual'spersonalestimateofthechanceoflossis
A)anobjectiveprobability.
B)anobjectiverisk.
C)asubjectiveprobability.
D)anaprioriprobability.
Answer:
C
QuestionStatus:
PreviousEdition
8)Aperilis
A)amoralhazard.
B)thecauseofaloss.
C)aconditionwhichincreasesthechanceofaloss.
D)theprobabilitythatalosswilloccur.
Answer:
B
QuestionStatus:
PreviousEdition
9)Anearthquakeisanexampleofa
A)moralhazard.
B)peril.
C)physicalhazard.
D)objectiverisk.
Answer:
B
QuestionStatus:
PreviousEdition
10)Densefogthatincreasesthechanceofanautomobileaccidentisanexampleofa
A)speculativerisk.
B)peril.
C)physicalhazard.
D)moralhazard.
Answer:
C
QuestionStatus:
PreviousEdition
11)Fakinganaccidenttocollectinsuranceproceedsisanexampleofa
A)physicalhazard.
B)objectiverisk.
C)moralhazard.
D)attitudinalhazard.
Answer:
C
QuestionStatus:
Revised
12)Carelessnessorindifferencetoalossisanexampleof
A)physicalhazard.
B)objectiveprobability.
C)moralhazard.
D)attitudinalhazard.
Answer:
D
QuestionStatus:
Revised
13)Somecharacteristicsofthejudicialsystemandregulatoryenvironmentincreasethefrequencyandseverityofloss.Thishazardiscalled
A)moralhazard.
B)physicalhazard.
C)attitudinalhazard.
D)legalhazard.
Answer:
D
QuestionStatus:
Revised
14)TaylorTobaccoCompanyisconcernedthatthecompanymaybeheldliableinacourtoflawandorderedtopayalargedamageaward.Thecharacteristicsofthejudicialsystemthatincreasethefrequencyandseverityoflossesareknownas
A)moralhazard.
B)particularrisk.
C)speculativerisk.
D)legalhazard.
Answer:
D
QuestionStatus:
PreviousEdition
15)Aphrasethatencompassesallofthemajorrisksfacedbyabusinessfirmis
A)financialrisk.
B)speculativerisk.
C)enterpriserisk.
D)purerisk.
Answer:
C
QuestionStatus:
PreviousEdition
16)Whichofthefollowingstatementsaboutfinancialriskis(are)true?
I.Enterpriseriskdoesnotincludefinancialrisk.
II.Financialriskiseasilyaddressedthroughthepurchaseofinsurance.
A)Ionly
B)IIonly
C)bothIandII
D)neitherInorII
Answer:
D
QuestionStatus:
PreviousEdition
17)AllofthefollowingareconsideredfinancialrisksEXCEPT
A)thedeclineinthevalueofabondportfoliobecauseofrisinginterestrates.
B)increasedcostofproductionbecauseofrisingcommodityprices.
C)lossofmoneybecauseofadversemovementsincurrencyexchangerates.
D)destructionofaproductionfacilitycausedbyanexplosion.
Answer:
D
QuestionStatus:
PreviousEdition
18)KatelynwasjustnamedRiskManagerofABCCompany.ShehasdecidedtocreateariskmanagementprogramwhichconsidersalloftherisksfacedbyABC-pure,speculative,operational,andstrategic-inasingleriskmanagementprogram.Suchaprogramiscalleda(n)
A)financialriskmanagementprogram.
B)enterpriseriskmanagementprogram.
C)fundamentalriskmanagementprogram.
D)consequentialriskmanagementprogram.
Answer:
B
QuestionStatus:
PreviousEdition
19)Apureriskisdefinedasasituationinwhichthereis
A)onlythepossibilityoflossornoloss.
B)onlythepossibilityofprofit.
C)apossibilityofneitherprofitnorloss.
D)apossibilityofeitherprofitorloss.
Answer:
A
QuestionStatus:
PreviousEdition
20)Theprematuredeathofanindividualisanexampleofa
A)purerisk.
B)speculativerisk.
C)fundamentalrisk.
D)physicalhazard.
Answer:
A
QuestionStatus:
PreviousEdition
21)Whichofthefollowingstatementsaboutspeculativerisksistrue?
A)Theyarealmostalwaysinsurablebyprivateinsurers.
B)Theyaremoreeasilypredictablethanpurerisks.
C)Theymaybenefitsocietyeventhoughalossoccurs.
D)Theyinvolveonlyachanceofloss.
Answer:
C
QuestionStatus:
Revised
22)Anautomobilethatisatotallossasaresultofacollisionisanexampleofwhichofthefollowingtypesofrisk?
I.Speculativerisk
II.Diversifiablerisk
A)Ionly
B)IIonly
C)bothIandII
D)neitherInorII
Answer:
B
QuestionStatus:
Revised
23)AllofthefollowingareprogramstoinsurefundamentalrisksEXCEPT
A)federallysubsidizedfloodinsurance.
B)autophysicaldamageinsurance.
C)SocialSecurity.
D)unemploymentinsurance.
Answer:
B
QuestionStatus:
PreviousEdition
24)AllofthefollowingareexamplesofpersonalrisksEXCEPT
A)poorhealth.
B)unemployment.
C)prematuredeath.
D)flood.
Answer:
D
QuestionStatus:
PreviousEdition
25)Whichofthefollowingisareasonwhyprematuredeathmayresultineconomicinsecurity?
I.Additionalexpensesassociatedwithdeathmaybeincurred.
II.Theincomeofthedeceasedperson'sfamilymaybeinadequatetomeetitsbasicneeds.
A)Ionly
B)IIonly
C)bothIandII
D)neitherInorII
Answer:
C
QuestionStatus:
PreviousEdition
26)Whichofthefollowingareoftenconsequencesoflong-termdisability?
I.Continuingmedicalexpenses
II.Lossorreductionofemployeebenefits
A)Ionly
B)IIonly
C)bothIandII
D)neitherInorII
Answer:
C
QuestionStatus:
PreviousEdition
27)AllofthefollowingareexamplesofdirectpropertylossesEXCEPT
A)thetheftofaperson'sjewelry.
B)thedestructionofafirm'smanufacturingplantbyanearthquake.
C)thecostofrentingasubstitutevehiclewhileacollision-damagedcarisbeingrepaired.
D)thevandalismofaperson'sautomobile.
Answer:
C
QuestionStatus:
PreviousEdition
28)Theextraexpenseincurredbyabusinesstostayinoperationfollowingafireisanexampleofa(n)
A)fundamentalrisk.
B)speculativerisk.
C)directloss.
D)indirectloss.
Answer:
D
QuestionStatus:
PreviousEdition
29)Whichofthefollowingstatementsaboutliabilityrisksis(are)true?
I.Futureincomeandassetscanbeattachedtopayjudgmentsifinadequateinsuranceiscarried.
II.Thereisanupperlimitontheamountofloss.
A)Ionly
B)IIonly
C)bothIandII
D)neitherInorII
Answer:
A
QuestionStatus:
PreviousEdition
30)AllofthefollowingareburdenstosocietybecauseofthepresenceofriskEXCEPT
A)Thesizeofanemergencyfundmustbeincreased.
B)Individualsmayprofitfromacceptingaspeculativerisk.
C)Societyisdeprivedofcertaingoodsandservices.
D)Mentalfearandworryarepresent.
Answer:
B
QuestionStatus:
PreviousEdition
31)Losscontrolincludeswhichofthefollowing?
I.Lossreduction
II.Lossprevention
A)Ionly
B)IIonly
C)bothIandII
D)neitherInorII
Answer:
C
QuestionStatus:
PreviousEdition
32)Followinggoodhealthhabitscanbecategorizedas
A)lossprevention.
B)riskretention.
C)noninsurancetransfer.
D)personalinsurance.
Answer:
A
QuestionStatus:
Revised
33)Fromtheinsured'sperspective,theuseofdeductiblesininsurancecontractsisanexampleof
A)risktransfer.
B)losscontrol.
C)riskavoidance.
D)riskretention.
Answer:
D
QuestionStatus:
PreviousEdition
34)Theuseoffire-resistivematerialswhenconstructingabuildingisanexampleof
A)risktransfer.
B)losscontrol.
C)riskavoidance.
D)riskretention.
Answer:
B
QuestionStatus:
PreviousEdition
35)AllofthefollowingstatementsaboutriskretentionaretrueEXCEPT
A)Itmaybeusedintentionallyifcommercialinsuranceisunavailable.
B)Itmaybeusedpassivelybecauseofignorance.
C)Itsuseismostappropriateforlow-frequency,high-severitytypesofrisks.
D)Itsuseresultsincostsavingsiflossesarelessthanthecostofinsurance.
Answer:
C
QuestionStatus:
PreviousEdition
36)Allofthefollowingaremethodsofnonin
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