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 231 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?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

For a complete list of videos, visit our video library