All of the Following Are Risk Management Objectives Prior to the Occurrence

question 30

Multiple Choice

All of the following are risk management objectives prior to the occurrence of loss EXCEPT

• A)analysis of the cost of different techniques for handling losses.
• B)continuing operations after a loss.
• C)reduction of anxiety.
• D)meeting externally imposed obligations.

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Definitions:

Biased Coin

A modified or manipulated coin which does not have an equal probability of landing on heads or tails, thus influencing the outcome of a flip.

Probability

The likelihood of an event happening is measured on a scale from 0 to 1, where 0 equals no chance of occurring and 1 denotes definite occurrence.

Normal Model

A type of statistical distribution that is symmetric and bell-shaped, representing the distribution of many types of data; commonly known as the normal distribution.

Safety Roadblock

A barrier or measure implemented to enhance safety by preventing accidents or unsafe situations.