Laura Evans Is Risk Manager of LMN Company

question 24

Multiple Choice

Laura Evans is risk manager of LMN Company.Laura decided to retain certain property loss exposures.Which of the following is a method that Laura can use to fund the retained property losses?

• A)current net income
• B)private insurance
• C)noninsurance transfer
• D)high deductibles

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Definitions:

Monastery

A building or complex where monks or nuns live in community, dedicated to religious practice and contemplation.

Recall

The ability to retrieve information from memory without the aid of cues.

Recognition

The process of identifying a thing or person from previous encounters or knowledge.

Relearning

The process of learning material or skills that were previously learned and then forgotten.