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    Michael Is A College Senior Who Is Majoring in Marketing

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    Amit Pandey
    Michael is a college senior majoring in marketing. He owns a 2003 Ford worth $2,500 and has $10,000 worth of personal property. He runs daily in a park known for crime. His parents help pay tuition. The document identifies risks like collisions, lawsuits, property damage from fires or leaks, and assault, and asks what risk management techniques could address each exposure.

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    Michael Is A College Senior Who Is Majoring in Marketing

    Uploaded by

    Amit Pandey
    85 views1 page
    Michael is a college senior majoring in marketing. He owns a 2003 Ford worth $2,500 and has $10,000 worth of personal property. He runs daily in a park known for crime. His parents help pay tuition. The document identifies risks like collisions, lawsuits, property damage from fires or leaks, and assault, and asks what risk management techniques could address each exposure.

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    Michael is a College Senior Who is Majoring in Marketing

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    Michael is a college senior majoring in marketing. He owns a 2003 Ford worth $2,500 and has $10,000 worth of personal property. He runs daily in a park known for crime. His parents help pay tuition. The document identifies risks like collisions, lawsuits, property damage from fires or leaks, and assault, and asks what risk management techniques could address each exposure.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    85 views1 page

    Michael Is A College Senior Who Is Majoring in Marketing

    Uploaded by

    Amit Pandey
    Michael is a college senior majoring in marketing. He owns a 2003 Ford worth $2,500 and has $10,000 worth of personal property. He runs daily in a park known for crime. His parents help pay tuition. The document identifies risks like collisions, lawsuits, property damage from fires or leaks, and assault, and asks what risk management techniques could address each exposure.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Solved: Michael is a college senior who is majoring in

    marketing

    Michael is a college senior who is majoring in marketing.


    He owns a high-mileage 2003 Ford that has a current market value of $2500. The current
    replacement value of his clothes, television, stereo, cell phone, and other personal property in a
    rented apartment totals $10,000. He uses disposable contact lenses, which cost $200 for a six-
    month supply. He also has a waterbed in his rented apartment that has leaked in the past. An
    avid runner, Michael runs five miles daily in a nearby public park that has the reputation of being
    extremely dangerous because of drug dealers, numerous assaults and muggings, and drive-by
    shootings. Michael's parents both work to help him pay his tuition.
    For each of the following risks or loss exposures, identify an appropriate risk management
    technique that could have been used to deal with the exposure. Explain your answer.
    a. Physical damage to the 2003 Ford because of a collision with another motorist
    b. Liability lawsuit against Michael arising out of the negligent operation of his car
    c. Total loss of clothes, television, stereo, and personal property because of a grease fire in the
    kitchen of his rented apartment
    d. Disappearance of one contact lens
    e. Waterbed leak that causes property damage to the apartment
    f. Physical assault on Michael by gang members who are dealing drugs in the park where he
    runs
    g. Loss of tuition assistance from Michael's father who is killed by a drunk driver in an auto
    accident

    Michael is a college senior who is majoring in marketing

    ANSWER
    https://solvedquest.com/michael-is-a-college-senior-who-is-majoring-in-marketing/

    Reach out to [email protected] for enquiry.


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