Intro to Risk Mgt Homework 2.docx

Intro to Risk Mgt Homework 2.docx - Carl Trunko Intro to...

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Carl Trunko Intro to Risk Mgt/Insurance Homework Assignment #2 1. Describe three times you have either tried to prevent a risk from occurring or attempted to mitigate harm caused by an event. a. While in a crowded place, such as a professional sporting event, I will leave my credit cards in my wallet in my back pocket but put my cash in my front pocket. This will prevent both my credit cards and cash being stolen at the same time. b. Whenever I leave my dorm room, I lock the door behind me so that nobody else would have access to my room. I do not want anybody to damage any of my property or steal textbooks or something like that. c. I set multiple alarms in the morning to ensure that I get out of bed and don’t miss any of my classes. I have the tendency to shut off the first couple alarms and go back to sleep so I make sure that I have several alarms set at different times. 2. What is a moral hazard? Give three examples of how a person might engage in behavior that they
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  • Spring '14
  • BrianBarnes
  • Management, professional sporting event

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