1|Page
AU 60 FINAL EXAM ACTUAL EXAM 2 VERSIONS AND
PRACTICE QUESTIONS EXAM COMPLETE 600 QUESTIONS
WITH DETAILED VERIFIED ANSWERS||VERIFIED EXAM||
(100% CORRECT ANSWERS) /ALREADY GRADED A+||
NEWEST EXAM!!!
Publicly traded companies must file a Form 10-K annually with the
Securities and Exchange Commission (SEC). Which one of the
following best describes the information contained in Form 10-K?
A
It is a form filed with the SEC to announce major events that
shareholders should know about.
B
It is a report containing unaudited financial statements and a
MD&A report.
C
It is similar to the company annual report but contains more
detailed information.
D
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It highlights certain company data that has resulted in a positive
or negative trend. - ANSWER-C
While trend analysis can be used on various financial statements,
it is most commonly applied to
A
Balance sheets.
B
Income statements.
C
Changes in equity statements.
D
Cash flow statements. - ANSWER-B
Which one of the following components of insurance rates
includes the amount needed for premium taxes and fees paid to
regulatory organizations?
Available answer optionsSelect only one option
,3|Page
A
Expense provision
B
Pure premium
C
Contingencies factor
D
Loss adjustment expenses - ANSWER-A
Which one of the following financial reporting services focuses on
the trucking industry?
A
Dun & Bradstreet
B
Experian
C
Equifax
, 4|Page
D
Central Analysis Bureau - ANSWER-D
Which one of the following statements is true regarding loss trend
analysis?
Available answer optionsSelect only one option
A
The current year's losses are the best indication of future loss
experience.
B
Historical premiums and losses are needed for loss trend
analysis.
C
Historical loss frequency is usually a better indicator of future loss
experience than severity.
D
Loss severity is usually more controllable by the applicant than
loss frequency. - ANSWER-C
AU 60 FINAL EXAM ACTUAL EXAM 2 VERSIONS AND
PRACTICE QUESTIONS EXAM COMPLETE 600 QUESTIONS
WITH DETAILED VERIFIED ANSWERS||VERIFIED EXAM||
(100% CORRECT ANSWERS) /ALREADY GRADED A+||
NEWEST EXAM!!!
Publicly traded companies must file a Form 10-K annually with the
Securities and Exchange Commission (SEC). Which one of the
following best describes the information contained in Form 10-K?
A
It is a form filed with the SEC to announce major events that
shareholders should know about.
B
It is a report containing unaudited financial statements and a
MD&A report.
C
It is similar to the company annual report but contains more
detailed information.
D
,2|Page
It highlights certain company data that has resulted in a positive
or negative trend. - ANSWER-C
While trend analysis can be used on various financial statements,
it is most commonly applied to
A
Balance sheets.
B
Income statements.
C
Changes in equity statements.
D
Cash flow statements. - ANSWER-B
Which one of the following components of insurance rates
includes the amount needed for premium taxes and fees paid to
regulatory organizations?
Available answer optionsSelect only one option
,3|Page
A
Expense provision
B
Pure premium
C
Contingencies factor
D
Loss adjustment expenses - ANSWER-A
Which one of the following financial reporting services focuses on
the trucking industry?
A
Dun & Bradstreet
B
Experian
C
Equifax
, 4|Page
D
Central Analysis Bureau - ANSWER-D
Which one of the following statements is true regarding loss trend
analysis?
Available answer optionsSelect only one option
A
The current year's losses are the best indication of future loss
experience.
B
Historical premiums and losses are needed for loss trend
analysis.
C
Historical loss frequency is usually a better indicator of future loss
experience than severity.
D
Loss severity is usually more controllable by the applicant than
loss frequency. - ANSWER-C
