OC1 - Module 2 - Risk Control

oc1-module-2-risk-control

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Question 1 of 1

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2-Which one of the following risk control techniques will reduce loss severity and make losses more predictable, without increasing loss frequency?

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2-Automatic sprinklers are a classic example of which one of the following risk control techniques?

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2-Ed is a cattle owner who also owns land in a variety of counties. He relies on the proceeds from the sale of his cattle as his primary source of income. Ed makes the decision to disperse his herd over several locations as a means to limit the potential impact from a loss at a single location. The risk control technique Ed is employing is

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2-Richley Auto is a chain of auto parts stores. It is experiencing a high frequency of auto accidents involving the delivery drivers, who are Richley employees. The management team has decided to require all drivers to attend a two day safety seminar offered by its franchiser. The safety seminar is an example of which one of the following risk control techniques?

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2-Which one of the following risk control techniques is more commonly applied to managing business risk rather than hazard risk?

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2-Which one of the following risk control techniques is primarily used to reduce the frequency of losses, although it may also mitigate loss severity?

Select the correct answer(s).

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2-The risk control technique that spreads loss exposures over numerous projects, products, regions, or markets is

Select the correct answer(s).

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2-A manufacturer relies on supplies of a key raw material which it obtains from a particular supplier. The manufacturer makes arrangements with a second supplier to provide the raw material if the primary supplier is unable to do so. The manufacturer is practicing which one of the following risk control techniques?

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2-Which one of the following statements is true regarding avoidance as a risk control technique?

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2-Warehousing a company's inventory at different locations in different cities is an example of which one of the following risk control techniques?

Select the correct answer(s).

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2-Greg manages a small ski resort. He notes upon reviewing the injury claims he has received that many of them occurred on the same slope. To manage this exposure, Greg widens the slope and reduces the steepness. He believes these changes will reduce the number of injuries. Which one of the following risk control techniques is Greg using?

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2-A manufacturer that elects to discontinue a particular product due to potential liability loss exposures is practicing which one of the following risk control techniques?

Select the correct answer(s).

(0/0)

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2-Many laws and regulations require organizations to implement specific risk control measures. Which one of the following statements is true in this regard?

Select the correct answer(s).

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2-Which one of the following statements is correct with respect to evaluating the efficiency of alternative risk control measures?

Select the correct answer(s).

(0/0)

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OC1 - Module 2 - Risk Control

Question 1 of 1

Time Left

2-Which one of the following risk control techniques will reduce loss severity and make losses more predictable, without increasing loss frequency?

Select the correct answer(s).

(0/0)

2-Automatic sprinklers are a classic example of which one of the following risk control techniques?

Select the correct answer(s).

(0/0)

Select the correct answer(s).

(0/0)

Select the correct answer(s).

(0/0)

2-Which one of the following risk control techniques is more commonly applied to managing business risk rather than hazard risk?

Select the correct answer(s).

(0/0)

2-Which one of the following risk control techniques is primarily used to reduce the frequency of losses, although it may also mitigate loss severity?

Select the correct answer(s).

(0/0)

2-The risk control technique that spreads loss exposures over numerous projects, products, regions, or markets is

Select the correct answer(s).

(0/0)

Select the correct answer(s).

(0/0)

2-Which one of the following statements is true regarding avoidance as a risk control technique?

Select the correct answer(s).

(0/0)

2-Warehousing a company's inventory at different locations in different cities is an example of which one of the following risk control techniques?

Select the correct answer(s).

(0/0)

Select the correct answer(s).

(0/0)

2-A manufacturer that elects to discontinue a particular product due to potential liability loss exposures is practicing which one of the following risk control techniques?

Select the correct answer(s).

(0/0)

2-Many laws and regulations require organizations to implement specific risk control measures. Which one of the following statements is true in this regard?

Select the correct answer(s).

(0/0)

2-Which one of the following statements is correct with respect to evaluating the efficiency of alternative risk control measures?

Select the correct answer(s).

(0/0)

2-Business continuity is designed to meet both the primary risk management program post-loss goal of continuity of operation and the

Select the correct answer(s).

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