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Study Guides for RMI 2101 at Temple University

TEMPLERMI 2101Michael Mc CloskeySpring

RMI 2101 Study Guide - Midterm Guide: Vehicle Insurance, Single Parent, Equa

OC9433874 Page
31 May 2016
24
Risk financing deals with sources of funds to pay for those losses. Seek external sources from 3rd parties to finance losses. Still have the asset or a
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TEMPLERMI 2101Michael Mc CloskeySpring

RMI 2101 Study Guide - Midterm Guide: Multiple Exposure, Fire Hydrant, Job Sharing

OC9433873 Page
31 May 2016
20
Activities or attempts to control the risk. Stop engaging in the activity that causes loss. Never engage in activity that causes loss. Risk reduced to
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TEMPLERMI 2101Michael Mc CloskeySpring

RMI 2101 Study Guide - Midterm Guide: Financial Risk, Gross Negligence, Vicarious Liability

OC9433875 Page
31 May 2016
54
Bad behavior or breaking a contract can lead to a lawsuit. Failure of a person to exercise proper degree of care. Burden of proof is on injured party.
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TEMPLERMI 2101Michael Mc CloskeySpring

RMI 2101 Study Guide - Midterm Guide: Personal Property, Bailment, Ebay

OC9433874 Page
31 May 2016
15
Manage pure risk (trm) and speculative risk (erm). Goal is to minimize financial impact on organization. Risk management: specialized branch of financi
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TEMPLERMI 2101drennanSpring

RMI 2101 Study Guide - Midterm Guide: Medical Malpractice, Underinsured, Reinsurance

OC6740668 Page
13 Apr 2016
65
Sources of funds to pay for losses. External funds transfer (someone else pays) Alternative risk financing mechanisms: risk transfers of the financing
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TEMPLERMI 2101MccloskeyFall

RMI 2101 Study Guide - Final Guide: Flexible Spending Account, Tax Deduction, Occupational Disease

OC12845175 Page
6 Jan 2017
2
Unemployment - sui (state unemployment insurance): federal program & administrated by state and state laws. Weekly cash benefits during period of invol
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TEMPLERMI 2101Michael Mc CloskeySpring

RMI 2101 Study Guide - Midterm Guide: Life Insurance, Moral Hazard, Vehicle Insurance

OC9433873 Page
31 May 2016
25
The use insurance as a risk management tool. P* = 0 + 1 = . Variance = 1, standard deviation = 1, cov = 1. Amount of risk person a faces without insura
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TEMPLERMI 2101Michael MccloskeyFall

RMI 2101 Study Guide - Midterm Guide: Enterprise Risk Management, Systemic Risk, Downside Risk

OC19821307 Page
25 Sep 2017
0
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TEMPLERMI 2101John V.Dormuth( P)Fall

[RMI 2101] - Final Exam Guide - Everything you need to know! (32 pages long)

OC94863732 Page
29 Nov 2016
22
Pure risk: focus of traditional risk management (trm, a loss or events which produce a loss, losses in financial terms, losses to individuals or firms
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TEMPLERMI 2101MccloskeyFall

RMI 2101 Study Guide - Final Guide: Service Provider, Swot Analysis, Risk Management

OC32517713 Page
12 Dec 2016
0
Pure risk uncertainty (not knowing the potential outcome) Regarding events which could produce a loss. Can be losses for firms and/or individuals. A lo
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TEMPLERMI 2101Michael Mc CloskeySpring

RMI 2101 Study Guide - Midterm Guide: Enterprise Risk Management, Human Capital, Risk Neutral

OC9433875 Page
31 May 2016
37
Regarding which events produce a loss for a firm or individual. Two things in life that are certain; death and taxes. Loss that is certain has a 100% c
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TEMPLERMI 2101MccloskeyFall

RMI 2101 Study Guide - Midterm Guide: Cost Overrun, Decision Rule, European Cooperation In Science And Technology

OC12845177 Page
14 Nov 2016
15
Risk financing options: risk financing deals with sources of funds to pay for losses (external or internal) Risk transfers of the financing type (1) se
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