A risk manager was considering the range of possible losses that her company might experience next year. She noted that major production facilities could only be destroyed once during the year, because the destruction of the production facility by one peril means that the facility could not be destroyed a second time. What is the situation called where the occurrence of one event precludes the occurrence of a second event?

A study conducted over a ten-year period found that people with a high core self-evaluations (self-esteem is included) tended to have lower incomes

Indicate whether the statement is true or false.

The co-insurance provision on homeowners' policies

A) is meant to eliminate homeowners claims for small losses. B) means that the homeowner will receive less than 100% reimbursement on all losses. C) implies that more than one insurance company may be responsible for the losses. D) provides an incentive for homeowners to insure their homes for 100% of replacement cost.