This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following conditions is (are) appropriate for using retention? I. Losses are difficult ... (Read 82 times)

Anajune7

  • Hero Member
  • *****
  • Posts: 574
on: Jul 11, 2018
Which of the following conditions is (are) appropriate for using retention? I. Losses are difficult to predict. II. The worst possible loss is not serious.
 
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

Which of the following statements regarding the use of retention is (are) true?
 
  I. Retention is best used for loss exposures that have a low frequency and a high severity.
  II. A financially strong firm can have a higher retention level than a firm whose financial position is weak.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

LP

  • Sr. Member
  • ****
  • Posts: 302
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: B


Anajune7

  • Member
  • Posts: 574
Reply 2 on: Jul 11, 2018
Thanks for the timely response, appreciate it

Mochi

  • Member
  • Posts: 300
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

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?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Mount Logan, Yukon. Environmental conditions and organisms vary greatly from low to high elevations Mount Logan, Yukon. Environmental conditions and organisms vary greatly from low to high elevations
How difficult is it for children to learn to speak two languages? How difficult is it for children to learn to speak two languages?
Under what conditions can the transition to middle school be associated with declines in grades and ... Under what conditions can the transition to middle school be associated with declines in grades and ...
Examples of Emergency Conditions Examples of Emergency Conditions
How to choose the right payment plan with changing conditions (Question 5) How to choose the right payment plan with changing conditions (Question 5)
Disorders and conditions that can be caused or aggravated by stress Disorders and conditions that can be caused or aggravated by stress
Video: What is Reverse Osmosis?

For a complete list of videos, visit our video library