A Table Showing Losses That Could Occur and the Corresponding

question 4

Multiple Choice

A table showing losses that could occur and the corresponding chance that each loss could occur is called a(n)

• A)underwriting cycle.
• B)capital budget.
• C)loss distribution.
• D)risk map.

---

Definitions:

Overhead Costs

Indirect costs or expenses related to the operation of a business that are not directly tied to producing goods or services, such as rent, utilities, and administrative salaries.

Operating Efficiency

A measure of how well a company uses its resources to produce goods or services.

Great Distances

Large physical separations between objects or locations, often involving travel or communication across extensive areas.

Cross-Functional Team

A team that operates with members who come from different functional units of an organization.