The Most Useful Purpose of a Risk Management Information System

question 32

Multiple Choice

The most useful purpose of a risk management information system (RMIS) is to:

• A)catalogue insurance policies
• B)record, track, and analyze losses
• C)maintain payroll and personnel records
• D)calculate capital budgeting decisions

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Definitions:

Learning

The process by which knowledge or skills are acquired as a result of experience; a change in the behavior of an animal that results from experience.

Experience

The knowledge or skill acquired through involvement in or exposure to events.

Compass Sense

The sense of direction an animal requires to travel in a straight line toward a destination.

Map Sense

An innate ability or skill that helps organisms navigate through their environment, often seen in migratory animals.