When using the ranking method of evaluating suppliers:
A) weight and rating of each supplier is multiplied for each factor and the total taken as the
ranking of the supplier.
B) each supplier is ranked for overall suitability.
C) suppliers are rated against each factor.
D) important factors are selected and assigned a "weight."
E) all of the above are used.
E
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Which of the following statements about the loss severity distribution is correct?
A) The loss severity distribution estimates the average size of an expected loss. B) The loss severity distribution can be used to estimate the average severity of loss if a loss occurs. C) The loss severity distribution represents the number of losses likely to happen. D) The loss severity distribution is measured as a percentage of loss.
It has been estimated by experts that about one quarter of all U.S. workers is regularly exposed to major health and safety hazards
Indicate whether the statement is true or false