All of the Following Tasks Are Performed by a Risk

question 33

Multiple Choice

All of the following tasks are performed by a risk management information system (RMIS) except:

• A)track frequency, severity and final outcome of losses
• B)provide statistical data to spot trends
• C)provide insurance policy data and loss history
• D)provide an instantaneous picture of the company's balance sheet

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Definitions:

Inches

A unit of measurement in the Imperial system, equal to 1/12th of a foot.

Marathon

A long-distance running race with an official distance of 42.195 kilometers (approximately 26.219 miles).

Kilometers

Units of length measurement in the metric system, equal to 1,000 meters.

Miles

Miles is a unit of length, most commonly equivalent to 5,280 feet or approximately 1.609 kilometers, used primarily in the United States.