When Derrick became risk manager of Boller Company, he noticed that the company did not have a clear set of risk management objectives and a clearly-stated risk management philosophy.
Derrick developed a written document stating the company's risk management objectives and risk management philosophy. This document is called a risk management
A) policy statement.
B) manuscript policy.
C) manual.
D) binder.
Question 2
Each accounting period, Harris Company Department Store charges a bookkeeping account for its estimated shoplifting losses. The method that Harris Company Department Store uses to fund its retained shoplifting losses is a(n)
A) private insurance policy.
B) captive insurer.
C) credit line.
D) unfunded reserve.
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