Question

In: Finance

In her annual report to the board of directors of Plum Manufacturing Co., the firm’s risk...

In her annual report to the board of directors of Plum Manufacturing Co., the firm’s risk manager stated: “We settled five product liability lawsuits last year.” Which of the following does her statement refer to?

A. Intangibility of losses

B. severity of losses

C. frequency of losses

D. perils

E. hazards

Solutions

Expert Solution

Answer:

In the given case,no.of product liability lawsuits settled can be regarded as frequency of losses.Thus correct answer is Option C

All the remaining options are incorrect

jeff jeffy answered 2 years ago
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