which of the following statements about risk is true? course hero

What is speculative risk?

One of the speculative financial risks considered in an enterprise risk management program is the risk of loss because of adverse changes in commodity prices, interest rates, foreign exchange rates, and the value of money. This risk is called

What is risk in math?

Traditionally, risk has been defined as#N#A) any situation in which the probability of loss is one. #N#B) any situation in which the probability of loss is zero.#N#C) uncertainty concerning the occurrence of loss.#N#D) the probability of a loss occurring.

Why did Curt sunk the boat?

He purchased property insurance on the boat. Curt had difficulty making loan payments because he did not catch many fish, and fish prices were low. Curt intentionally sunk the boat, collected from his insurer, and paid off the loan balance.

What happened to Jenna's restaurant after it closed?

Jenna opened a successful restaurant. One night, after the restaurant had closed, a fire started when the electrical system malfunctioned. In addition to the physical damage to the restaurant, Jenna lost profits that could have been earned while the restaurant was closed for repairs. The lost profits are an example of.

Who is Katelyn from ABC?

Katelyn was just named Risk Manager of ABC Company. She has decided to create a risk management program which considers all of the risks faced by ABC—pure, speculative, operational, and strategic—in a single risk management program. Such a program is called a (n)

Is Taylor Tobacco Company liable for damages?

Taylor Tobacco Company is concerned that the company may be held liable in a court of law and ordered to pay a large damage award to a smoker harmed by the company's cigarettes. The characteristics of the judicial system that increase the frequency and severity of loss are known as