Which of the Following Statements About Judgment Rating Is True

question 44

Multiple Choice

Which of the following statements about judgment rating is true?

• A)It involves the manual rating of exposures.
• B)It is used when the loss exposures are so diverse that a class rate cannot be calculated.
• C)It is a form of experience rating.
• D)It is only used when credible loss statistics are available.

---

Definitions:

Liking Reciprocal

Reciprocal liking is the phenomenon where people tend to develop a preference for individuals who express liking for them, reinforcing mutual attraction and social bonding.

Opposite Qualities

Characteristics or attributes that are diametrically different from each other, often used to describe contrasting traits between entities or concepts.

Social Exchange Theory

A theoretical framework suggesting that social behavior is the result of an exchange process, aiming to maximize benefits and minimize costs.

Comparison Level

An expectation about the outcome of a relationship based on past experiences, which serves as a standard for evaluating current and future relationships.