Which of the Following Is Likely to Have Contributed to the Failure

question 16

Multiple Choice

Which of the following is likely to have contributed to the failure of HIH Insurance?

• A)unsupervised delegated authority
• B)rapid expansion
• C)fraudulent reporting
• D)All of the above contributed to the failure of HIH.

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Definitions:

Streambed

The bottom of a stream or river channel where water flows; composed of sediment and particles that are transported by the stream.

Uppermost Layer

Refers to the topmost layer of a material or structure, such as the Earth's surface or the atmosphere.

Tsunami

A series of ocean waves with extremely long wavelengths caused by large-scale disturbances such as underwater earthquakes, landslides, or volcanic eruptions.

Earthquake

An abrupt and intense quivering of the earth's surface, frequently resulting from shifts in the Earth's crust or activity from volcanoes.