12/21/24, 9:17 PM CISR RISK MANAGEMENT EXAM ACTUAL EXAM 200 QUESTIOS AND CORECT DETAILED ANSWERS WITH RATIONALES (…
CISR RISK MANAGEMENT EXAM ACTUAL EXAM
200 QUESTIOS AND CORECT DETAILED
ANSWERS WITH RATIONALES (VERIFIED
ANSWERS) |AGRADE
Practice questions for this set
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Studied 7 terms
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Terms in this set (217)
1. Reinterpretation of a law Legal
causes your company to
modify manufacturing
procedures. Which one of
the general classes of risk
does the example
illustrate?
Juridical
Legal
Political
Economic
https://quizlet.com/987805283/cisr-risk-management-exam-actual-exam-200-questios-and-corect-detailed-answers-with-rationales-verified-answers-a… 1/28
,12/21/24, 9:17 PM CISR RISK MANAGEMENT EXAM ACTUAL EXAM 200 QUESTIOS AND CORECT DETAILED ANSWERS WITH RATIONALES (…
2. The losses incurred from Net income
a tree falling and blocking
the entrance to a major
retail store owned by your
company would fall under
which logical classification
of risk?
Net income
Liability
Property
Human resources
3. Martha is building her Actuary
risk management team.
She is looking for a team
member who can help her
calculate development
factors. This duty would be
performed by which of
the following team
members?
Accountant
Agent or broker
Actuary
RMIS provider
4. The four logical Identification
classifications of
exposures are used during
the __________ step of the risk
management process.
Identification
Analysis
Administration
Control
https://quizlet.com/987805283/cisr-risk-management-exam-actual-exam-200-questios-and-corect-detailed-answers-with-rationales-verified-answers-a… 2/28
, 12/21/24, 9:17 PM CISR RISK MANAGEMENT EXAM ACTUAL EXAM 200 QUESTIOS AND CORECT DETAILED ANSWERS WITH RATIONALES (…
5. Nicholas believes that Deductible Plan
the risk control program
he has implemented will
greatly reduce the
frequency and severity of
losses at his company. He
now wants to choose an
insurance plan that will be
the most cost-effective,
taking into consideration
the lower frequency and
severity of losses, while
maintaining some carrier
services. Which plan
would he choose?
Deductible Plan
Dividend Plan
Guaranteed Cost Plan
Self-Insurance
https://quizlet.com/987805283/cisr-risk-management-exam-actual-exam-200-questios-and-corect-detailed-answers-with-rationales-verified-answers-a… 3/28
CISR RISK MANAGEMENT EXAM ACTUAL EXAM
200 QUESTIOS AND CORECT DETAILED
ANSWERS WITH RATIONALES (VERIFIED
ANSWERS) |AGRADE
Practice questions for this set
Learn
Studied 7 terms
Nice work, you're crushing it
Continue studying in Learn
Terms in this set (217)
1. Reinterpretation of a law Legal
causes your company to
modify manufacturing
procedures. Which one of
the general classes of risk
does the example
illustrate?
Juridical
Legal
Political
Economic
https://quizlet.com/987805283/cisr-risk-management-exam-actual-exam-200-questios-and-corect-detailed-answers-with-rationales-verified-answers-a… 1/28
,12/21/24, 9:17 PM CISR RISK MANAGEMENT EXAM ACTUAL EXAM 200 QUESTIOS AND CORECT DETAILED ANSWERS WITH RATIONALES (…
2. The losses incurred from Net income
a tree falling and blocking
the entrance to a major
retail store owned by your
company would fall under
which logical classification
of risk?
Net income
Liability
Property
Human resources
3. Martha is building her Actuary
risk management team.
She is looking for a team
member who can help her
calculate development
factors. This duty would be
performed by which of
the following team
members?
Accountant
Agent or broker
Actuary
RMIS provider
4. The four logical Identification
classifications of
exposures are used during
the __________ step of the risk
management process.
Identification
Analysis
Administration
Control
https://quizlet.com/987805283/cisr-risk-management-exam-actual-exam-200-questios-and-corect-detailed-answers-with-rationales-verified-answers-a… 2/28
, 12/21/24, 9:17 PM CISR RISK MANAGEMENT EXAM ACTUAL EXAM 200 QUESTIOS AND CORECT DETAILED ANSWERS WITH RATIONALES (…
5. Nicholas believes that Deductible Plan
the risk control program
he has implemented will
greatly reduce the
frequency and severity of
losses at his company. He
now wants to choose an
insurance plan that will be
the most cost-effective,
taking into consideration
the lower frequency and
severity of losses, while
maintaining some carrier
services. Which plan
would he choose?
Deductible Plan
Dividend Plan
Guaranteed Cost Plan
Self-Insurance
https://quizlet.com/987805283/cisr-risk-management-exam-actual-exam-200-questios-and-corect-detailed-answers-with-rationales-verified-answers-a… 3/28
