AFP
CTP · Question #869
CTP Question #869: Real Exam Question with Answer & Explanation
The correct answer is D. Catastrophic losses could result in bankruptcy.. See the full explanation below for the reasoning.
Question
- (Topic 9) What is the primary weakness of a risk management policy that includes risk control without specifically providing a plan for risk financing?
Options
- AResources are used to pay for losses that could have been prevented.
- BFunding must be set aside for self-insurance.
- CThere is an increase in the potential for claims of negligence.
- DCatastrophic losses could result in bankruptcy.
Community Discussion
No community discussion yet for this question.