BCS-ISEB
ISEB-PM1 · Question #562
Many companies self insure against some risk. Problems which can arise from self-insurance include:
The correct answer is B. Both 1) failure to reserve funds to handle worst case scenarios (low probability events). You've hit your weekly limit · resets 5am (America/New_York)
Risk Management
Question
Many companies self insure against some risk. Problems which can arise from self-insurance include:
Options
- Aconfusion of business risks with insurable risks.
- BBoth 1) failure to reserve funds to handle worst case scenarios (low probability events)
- Cstiff competition from insurance companies
- DAll of the other alternatives apply.
- Efailure to reserve funds to handle worst case scenarios (low probability events) resulting in
How the community answered
(27 responses)- A11% (3)
- B81% (22)
- C4% (1)
- D4% (1)
Explanation
You've hit your weekly limit · resets 5am (America/New_York)
Topics
#self-insurance#risk financing#contingency reserve#insurable risk
Community Discussion
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