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 87 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

billybob123

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

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.

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
Development encompasses both gains and losses. Sometimes a health crisis (loss) can result in a heal Development encompasses both gains and losses. Sometimes a health crisis (loss) can result in a heal
It is difficult for Americans to grasp the depth of the poverty that is the everyday life of ... It is difficult for Americans to grasp the depth of the poverty that is the everyday life of ...
Social Conditions and Gender Social Conditions and Gender
Hereditary Conditions and Gene Mutations in OMIMa Hereditary Conditions and Gene Mutations in OMIMa
Ten Conditions Associated with Inherited Variation Ten Conditions Associated with Inherited Variation
Video: Membrane Protein and Facilitated Transport (Passive Vs Active)

For a complete list of videos, visit our video library