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Author Question: Discount Department Stores is a national retail chain. The company had one large, central warehouse. ... (Read 242 times)

piesebel

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on: Jul 11, 2018
Discount Department Stores is a national retail chain. The company had one large, central warehouse.
 
  At the suggestion of the risk manager, the company decided to build four smaller regional warehouses so that a loss at the central warehouse would not be a catastrophic blow to the company's distribution system. Splitting the inventory between four regional warehouses illustrates which risk management technique?
  A) duplication
  B) risk transfer
  C) separation
  D) risk avoidance

Question 2

Which of the following statements concerning the selection of risk management techniques and insurance market conditions is (are) true?
 
  I. It's easier to purchase affordable insurance during a soft  market than during a hard market.
  II. Retention is used more during a soft market than during a hard market.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


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Dinolord

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: C

Answer to Question 2

Answer: A


piesebel

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Reply 2 on: Jul 11, 2018
YES! Correct, THANKS for helping me on my review

ryhom

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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