A risk manager is concerned with which of the following? I. Identifying potential losses II. Selecting the appropriate techniques for treating loss exposures

Mitigation of damages is a doctrine that requires a nonbreaching party to minimize damages

Indicate whether the statement is true or false

On February 1 of the current year, Greenstein Corporation leased equipment under a six-year noncancellable lease. The estimated economic of the equipment is ten years. The fair value of the equipment is $900,000. The lease does not contain a bargain purchase option or a transfer of title. Greenstein must classify this lease as a capital lease if the present value of the minimum lease payments is

at least ________. A) $600,000 B) $675,000 C) $810,000 D) $900,000