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Zorluk: OrtaDefinition and Types of Risk

Based on foundational risk management principles, match each real-world scenario to its correct insurance risk or hazard classification.

  • A software developer uses personal savings to day-trade cryptocurrency futures.Speculative Risk
  • A logistics company faces the possibility of its cargo ships sinking during a severe typhoon.Pure Risk
  • A chemical storage facility operates with faulty, sparking electrical wiring near flammable liquids.Physical Hazard
  • A property owner routinely leaves warehouse doors unlocked overnight because they carry comprehensive theft insurance.Morale Hazard

Cevap

Cryptocurrency trading matches with Speculative Risk. The cargo ship typhoon exposure matches with Pure Risk. Faulty wiring matches with Physical Hazard. Leaving warehouse doors unlocked due to insurance matches with Morale Hazard.
Each scenario accurately applies foundational risk concepts. Speculative risks offer a chance of gain, pure risks only offer loss or no loss. Physical hazards are tangible conditions that increase loss probability, while morale hazards involve careless attitudes driven by the safety net of insurance.

Adım Adım Çözüm

1
Analyze the cryptocurrency trading scenario to determine the type of risk.
Identify that day-trading offers a potential for financial profit as well as loss.
Distinguishing between pure and speculative risk requires evaluating if a chance of gain exists.
2
Analyze the cargo ship scenario during a typhoon.
Determine that a sinking ship can only result in a loss (or no loss), with no possibility for profit.
Insurance is designed to cover situations where only a loss is possible, known as pure risk.
3
Analyze the chemical facility's sparking wiring.
Identify this as a tangible environmental condition that increases the chance of a fire.
Physical elements that increase the severity or frequency of a loss are classified as physical hazards.
4
Analyze the warehouse owner's behavior of leaving doors unlocked.
Recognize this as a careless attitude stemming directly from the security of having an insurance policy.
An attitude of indifference toward loss due to the existence of insurance is defined as a morale hazard.

Anahtar Kavram

Definition and Types of Risk (Pure vs. Speculative, Physical vs. Morale Hazards)
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Konular

Definition and Types of Risk

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