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.
Large Wolf Spider with young in Michigan
The Blue-bearded Bee-eater Nyctyornis athertoni is a large species of bee-eater found in South Asia.
The Very Large Array (VLA)
Recent Impacts on the Moon
Population Losses in the South, 1920–1930
Deciduous and permanent teeth: (A) deciduous teeth, with the age at eruption given in months; (B) ...