9. a. What is self-insurance? b. What is a risk retention group? 10. a. Explain the...
The answers to all 10 questions. REVIEW QUESTIONS 1. What is the meaning of risk management? 2. Explain the objectives of risk management both before and after a loss occurs. 3. Describe the steps in the risk management process. 4. a. Identify the sources of information that a risk manager can use to identify loss exposures. b. What is the difference between the maximum pos- sible loss and probable maximum loss? 5. a. Explain the meaning of risk control. b....
answers to #4, 7, 8 & 10 4. a. Identify the sources of information that a risk manager can use to identify loss exposures. b. What is the difference between the maximum pos- sible loss and probable maximum loss? 7. What conditions should be fulfilled before retention is used in a risk management program? 8. a. What is a captive insurer? b. Explain the advantages of a captive insurer in a risk management program 10. a. Explain the advantages of...
5. a. Explain the meaning of risk control b. Explain the following risk-control techniques. 1. Avoidance 2. Loss prevention 3. Loss reduction 6. a. Explain the meaning of risk financing. b. Explain the following risk-financing techniques. 1. Retention 2. Noninsurance transfers 3. Insurance 7. What conditions should be fulfilled before retention is used in a risk management program? 8. a. What is a captive insurer? b. Explain the advantages of a captive insurer in a risk management program.
7. Discuss the advantages and disadvantages to using reference checks as a selection tool. 8. Explain the difference between structured, unstructured, and semi-structured interviews. 9. How does monitoring turnover affect employee retention? 10. Why is it important for an HIM manager to understand the compensation practices of a healthcare organization? 11. What are the components of a performance management plan?
Cost Accounting I What is a self-imposed budget? What are some of the advantages and disadvantages of a company using a self-imposed budget?
4. What is the difference between using brainstorming and the Delphi technique for risk identi- fication? What are some of the advantages and disadvantages of each approach? Describe the contents of a risk register and how it is used in several risk management processes.
1. What conditions should be fulfilled before retention is used in a risk management program (3 points)? 2. You operate a food supply company. Your primary customers are restaurants. You provide delivery services to select customers Determine the potential direct and indirect losses that you might incur because of your delivery operations (7 points)
Explain the binomial naming system we use to name and group plants and animals. What are some of its advantages and disadvantages?
Research risk management software. Are many products available? What are the main advantages of using them in managing projects? What are the main disadvantages? Write a short paper to discuss your findings, and include at least three references.
using relevant examples in the risk and insurance industry explain the following terms a) probability of default b) exposure at default c) loss given default