This topic contains a solution. Click here to go to the answer

Author Question: Parker Department Stores has been hurt in recent months by a large increase in shoplifting losses. ... (Read 236 times)

shofmannx20

  • Hero Member
  • *****
  • Posts: 562
Parker Department Stores has been hurt in recent months by a large increase in shoplifting losses. Parker's risk manager concluded that while the frequency of shoplifting losses was high, the severity is still relatively low.
 
  What is (are) the appropriate risk management technique(s) to apply to this problem?
  A) retention
  B) loss prevention
  C) transfer through insurance
  D) avoidance

Question 2

Ryan decided to review his personal risk management program. His car is 10 years old, and he would receive little money from his insurer if the car was damaged or destroyed. Ryan decided to drop the physical damage insurance on the car.
 
  From a risk management perspective, dropping the physical damage insurance on the car is best described as
  A) increasing the use of avoidance in the risk management program.
  B) increasing the use of noninsurance transfer in the risk management program.
  C) increasing the use of retention in the risk management program.
  D) increasing the use of risk control in the risk management program.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ebenov

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

Answer: B

Answer to Question 2

Answer: C





 

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

For a complete list of videos, visit our video library