Pls help ASAP Risk may be dealt with in a number of ways including transferring it to others or retaining it intentionally. Which one (1) of thefollowing alternatives is a transfer of risk?OA) A monitored security system.OB) Self-insurance.OC) An agreement of purchase and sale.OD) Purchase of insurance. In insurance terms, a "peril" is frequently described as a cause of loss while an "exposure" is a hazard threatening a risk due tointernal or external physical conditions. Which one (1) of the following is NOT a peril?OA) Lightning.OB) Natural gas heating.OC) Windstorm.OD) Burglary.

Risk management is the process of identifying, assessing, and controlling threats to an…

Risk may be dealt with in a number of ways including transferring it to others or retaining it intentionally. Which one (1) of the following alternatives is a transfer of risk? OA) A monitored security system. OB) Self-insurance. OC) An agreement of purchase and sale. OD) Purchase of insurance.

Risk may be dealt with in a number of ways including transferring it to others or retaining it intentionally. Which one (1) of the following alternatives is a transfer of risk? OA) A monitored security system. OB) Self-insurance. OC) An agreement of purchase and sale. OD) Purchase of insurance.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Pls help ASAP

Risk may be dealt with in a number of ways including transferring it to others or retaining it intentionally. Which one (1) of the
following alternatives is a transfer of risk?
OA) A monitored security system.
OB) Self-insurance.
OC) An agreement of purchase and sale.
OD) Purchase of insurance.

In insurance terms, a "peril" is frequently described as a cause of loss while an "exposure" is a hazard threatening a risk due to
internal or external physical conditions. Which one (1) of the following is NOT a peril?
OA) Lightning.
OB) Natural gas heating.
OC) Windstorm.
OD) Burglary.

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Step 1: Introduce the concept of risk management

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Step 2: Define risk transfer and retention

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Step 3: Elaborate on risk examples

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Step 4: Introduce the concepts of peril and exposure

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Step 5: Define and differentiate between peril and exposure

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Step 6: Use examples to illustrate the difference

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Step 7: Explain the correct option

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