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A Risk Manager Is Concerned with Which of the Following

question 8

Multiple Choice

A risk manager is concerned with which of the following?
I.Identifying potential losses
II.Selecting the appropriate techniques for treating loss exposures


Definitions:

Insurable Interests

A legal requirement indicating that a person must have a legitimate stake in the safety or preservation of an item or life to insure it.

Investment Lenders

Professionals or institutions that provide capital to companies, individuals, or investors in exchange for interest payments and repayment of the principal at a future date.

Business Venture

An entrepreneurial enterprise or company with the aim to operate for profit by offering goods or services.

Straight Life Insurance

A type of life insurance policy that provides coverage for the insured's lifetime, with premiums typically paid until death.

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