1. ERM programs will usually result in
A) extreme hierarchal management
B) top-down decision making
C) management by consensus
D) bottom-up decision making
2. Travelers Insurance is a publicly traded entity which assumes the risk of its policyholders. It can fairly easily raise capital for operating expenditures and is governed by a board of directors. Travelers is a
A) mutual insurance company.
B) a Name at Lloyds of London.
C) stock insurance company.
D) a fraternal insurance company