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 80 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
Great answer, keep it coming :)

AISCAMPING

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Various types of integumentary conditions. (E) Melanoma. Various types of integumentary conditions. (E) Melanoma.
Various types of integumentary conditions. (G) Burn, second degree. Various types of integumentary conditions. (G) Burn, second degree.
Notice that there are conditions when the port fuel-injector, located in the intake manifold, and ... Notice that there are conditions when the port fuel-injector, located in the intake manifold, and ...
Conditions Necessary for Hurricane Formation Conditions Necessary for Hurricane Formation
Common Oral Lesions/Conditions Associated with HIV Infections and Treatment Guidelines Common Oral Lesions/Conditions Associated with HIV Infections and Treatment Guidelines
RUSP 34 Core Conditions for Newborn Genetic Screening RUSP 34 Core Conditions for Newborn Genetic Screening
Video: Predator- prey competition and symbiosis

For a complete list of videos, visit our video library