Two types of risks are covered by ocean marine insurance under CIC: perils of the sea and extraneous risks.()

risks. The goal ofthe plan is to minimize threats and maximize opportunities. When dealing with negative risks, there are three main response strategies（）,rransfer ,Mitigate.

A.Challenge

B.Exploit

C.Avoid

D.Enhance

operate as one organization. Mergers usually occur when two firms are similar strong or weak, and【M1】______ takeovers occur when one firm is strong and the other is weak. One【M2】______ business can acquire with a public limited company by buying 51【M3】______ percent of the shares. Since the late 1990s, the number of M&A (merger and acquisition)has developed in a quick speed all over the【M4】______ world Nearly all me industries have been affected as result of this trend.【M5】______ There are various types of mergers and takeovers. For example, horizontal integration occurs where two companies in exactly the【M6】______ same line of business and the same stage of production such as two oil firms join together; Vertical integration can be forward vertical integration or backward vertical integration. Take a firm which manufactures and assembles bikes as an example. If it were to acquire【M7】______ with a firm which was a raw material supplier of tires for the bikes, this will be an example of backward vertical integration. Forward【M8】______ vertical integration involves merging with a firm which is in the next stage of production, such as a merger with a retailer of bikes. In addition, mere is no diversifying integration in which two firms in【M9】______ completely different lines of business join together to exploring new【M10】______ and different market opportunities and reduce risks of operations.

【M1】

Risks include the following types:

A Business risk

B pure risk

C Insurable risk

D A and B

E All of the above.

听力原文：M: Can you give an example of types of risks Banks face？

W: Yes. The major type of risks is called credit risk. It means a counterpart fails to perform. according to a contractual arrangement.

Q: What are they talking about？

(13)

A．A contractual arrangement.

B．A counterpart.

C．Many types of risks.

D．Credit risk.

97 Risks include the following types:

A. Business risk

B. pure risk

C. Insurable risk

D. A and B

E. All of the above

15 Risks include the following types:

A. Business risk

B. pure risk

C. Insurable risk

D. A and B

E. All of the above

t" and ______.

ree arbitrators.

X2AP基本过程包含『____』和『____』两类。(X2AP basic process consists of two types『____』and『____』.)