A potential adverse occurrence is called a threat or an event. With respect to threats, which of these statements is false?
A. the potential dollar loss from a threat is called the exposure or impact
B. none are false
C. the probability a threat will occur is called the likelihood or risk
D. the timing of when a threat will occur is called the timeframe or timeline
Answer: D. the timing of when a threat will occur is called the timeframe or timeline
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Which of the following statements is TRUE regarding the rights of employees under the NLRA?
a. Employees of the U.S. government and the states are considered to be employees under the definition of the NLRA. b. Persons employed by a spouse or parent are considered to be employees under the terms of the NLRA. c. Employees of U.S. employers who are permanently stationed in another country do not have rights under the NLRA. d. Illegal aliens and undocumented workers are not covered by the NLRB.
Which of the following is not a function of the Insurance Services Office (ISO)?
A) Collecting loss data B) Developing standard insurance policies C) Coordinating prices between insurance companies D) Providing public information about insurance