Palmer Polymers Is Changing from a Traditional Risk Management Program

question 21

Multiple Choice

Palmer Polymers is changing from a traditional risk management program to an enterprise risk management program.As a first step,the risk manager determined all the risks that the organization faces.Next,she created a grid with loss frequency on the x-axis and loss severity on the y-axis.Then she plotted all of the loss exposures based on frequency and severity.The grid and the plotted loss exposures are called a

• A)probability distribution.
• B)catastrophe model.
• C)risk map.
• D)risk management information system.

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Definitions:

Anorexia Nervosa

Eating disorder that involves the relentless pursuit of thinness through starvation.

Mortality Rate

The frequency of deaths in a population during a specific period of time, usually represented as deaths per thousand individuals per year.

Psychological Disorder

A condition characterized by abnormal thoughts, feelings, or behaviors that are distressing to the individual, and often impair daily functioning.

Depressive Disorders

Mood disorders in which the individual suffers from depression—an unrelenting lack of pleasure in life.