Author Question: Cal was just hired as XYZ Company's first risk manager. Cal would like to employ the risk management ... (Read 259 times)

Chelseaamend · **on:** Jul 11, 2018

Cal was just hired as XYZ Company's first risk manager. Cal would like to employ the risk management process. The first step in the process Cal should follow is to

A) evaluate potential losses faced by XYZ Company.
B) formulate a treatment plan for XYZ Company's loss exposures.
C) identify potential losses faced by XYZ Company.
D) implement and administer a risk management plan for XYZ Company.

Question 2

Low-frequency, low-severity loss exposures are best handled by

A) avoidance.
B) retention.
C) insurance.
D) noninsurance transfer.