In marine cargo insurance business, general average (). A: is a kind of partial loss B: is a total loss C: sometimes is partial loss and sometimes is total loss D: is a constructive total loss

Selling a risky asset before the loss occurs (selling a risky stock) A: Loss control B: Loss retention C: Loss prevention D: Risk transfer

Suppose that each of two investments has a 4% chance of a loss of $10 million, a 2% chance of a loss of $1 million, and a 94% chance of a profit of $1 million. They are independent of each other. What is the VaR for one of the investments when the confidence level is 95%?（ ） A: $1 million B: $10 million C: $8.2 million

Total loss refers to the loss of the entire value of the subject

（ ） is not covered by an FPA policy。 A: Total loss caused by heavy weather B: Loss caused by the carrying vessel's strand C: Loss due to theft D: Loss caused by War

For a gas turbine engine, Active Clearance Control (ACC) for turbine would : A: Reduce mechanical loss B: Reduce heat loss C: Reduce clearance loss

The major osmoregulatory problems of saltwater fishes are ( ). A: water gain and salt loss B: water loss and salt gain C: water gain and salt gain D: water loss and salt loss E: nonexistent because freshwater fishes are isosmotic to their environment

the loss reporting application

When the loss is not serious, the party which suffered the loss may not ( ) a claim for compensation. A: accept B: suppose C: lodge

Which of the<br/>following is included in All Risks coverage? ( ) A: particular loss<br/>due to cargo thrown overboard to keep afloat B: total loss due to<br/>the destruction of war C: partial loss due<br/>to the worker’ strike on the dock D: total loss due to<br/>failure to delivery