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Danny E.
Property/Casualty Insurance Tutor All Levels
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Risk Management and Insurance
TutorMe
Question:

Please identify and explain the five steps of the Risk Management Process.

Danny E.
Answer:

STEP 1: IDENTIFY THE RISK: Uncover, recognize, and describe each of the risks that your organization faces. STEP 2: ANALYZE THE RISK: Determine the likelihood and consequences of each risk to the organization. STEP 3: EVALUATE OR RANK THE RISK: Determine the magnitude of each risk in terms of its potential frequency and severity. STEP 4: TREAT THE RISK: Assess your highest and lowest risks and determine how each one will be treated in order to minimize loss to the organization. Such treatments can include avoidance, loss control, transfer of risk, insurance, and retention. STEP 5: MONITOR THE RISK: Review the risk management program you've implemented and determined if it's achieving the goals you had set. Make adjustments and modifications wherever necessary.

French
TutorMe
Question:

Please conjugate one regular and one irregular verb.

Danny E.
Answer:

REGULAR VERB: PARLER (TO SPEAK) Je parle Tu parles Il/Elle parle Vous parlez Nous parlons Il/Elles parlent IRREGULAR VERB: ETRE (TO BE) Je suis Tu es Il/Elle est Vous etes Nous sommes Ils sont

Management
TutorMe
Question:

Please identify and explain Maslow's Hierarchy of Needs and how someone progresses from one level of the hierarchy to the next.

Danny E.
Answer:

Maslow's Hierarchy of Needs from bottom to top are 1.) Physiological/Physical; 2.) Safety; 3.) Love & Belonging; 4.) Esteem; and 5.) Self-Actualization. A person progresses from one level to the next by having to satisfy each need progressively from the bottom to the top of the hierarchy.

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