Under one method of estimating a loss reserve, the reserve is based on life expectancy, duration of disability, and similar factors. This method of estimating loss reserves is called the
A) judgment method.
B) tabular value method.
C) loss ratio method.
D) average value method.
Answer: B
Business
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All of the following are methods of handling risk EXCEPT
A) resistance B) reduction C) retention D) sharing"
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A review of the Housing Affordability Index indicates that since the early 1990s, housing affordability has
A) had an overall upward trend until about 2004. B) has remained relatively constant. C) has had an overall downward trend. D) has had dramatic upward and downward swings.
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