Loss frequency is defined as the
A) probable size of the losses that may occur during some period.
B) probable number of losses that may occur during some period.
C) probability that any particular piece of property may be totally destroyed.
D) probability that a liability judgment may exceed a firm's net worth.
Answer: B
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If the cost of going to the ATM in an economy is $1 and the nominal interest rate is 5 percent, someone who spends $10 each day and has the total cost of holding cash = (365/T) + T, has a ____ probability of having his cash lost or stolen. Assume that the individual visits the ATM once in every T days.
A. 5 percent B. 10 percent C. 15 percent D. 20 percent
Which of these issues has NOT been addressed in an amendment to the U.S. Constitution?
A. universal health care B. slavery C. the federal income tax D. giving women the right to vote
Which group is USERRA associated with?
A. Immigrants B. Military members C. Gays and lesbians D. Executives E. Disabled individuals
Depending on the preference of the company, memos may be appropriately printed on
a. memo forms. b. plain paper. c. company letterhead stationery. d. any of the above.