Freshy

AIAF 114- CHAPTER 5 PRACTICE EXAM QUESTIONS AND ANSWERS When accounting for accident-year losses for year 20X6, which one of the following would be included? - Answer- A reserve change in 20X7 for a loss that occurred in 20X6 Correct. When accounting for accident-year losses for year 20X6, a reserve change in 20X7 for a loss that occurred in 20X6 would be included. An accident-year method aggregates incurred losses for a given period (such as twelve months) using all incurred losses for insu...

AIAF 321 EXAM QUESTIONS AND ANSWERS Economic capital models the potential variability in a firm's market assets and liabilities, taking into consideration all of the firm's risks. These risks are considered together to estimate at the firm-level the probability that a firm's liabilities may exceed assets by specified levels over a one-year period. This probability measure is based on a concept called Select one: A. Value at risk. B. Chaos theory. C. Amortized cost. D. Ruin theor...

AIAF 114 CHAPTER 1 - SECTION 1 EXAM QUESTIONS AND ANSWERS Five basic assertions of accounting - Answer- complete, valued correctly, exists, belongs to the company, and is properly classified, described, and disclosed Accounting information criteria - Answer- Understandability, Relevance, Reliability, Comparability and Consistency, Lack of Bias, and Cost-Benefit Effectiveness Understandability - Answer- Must be transparent, intelligible, and clearly disclosed Relevance - Answer- Must ...

AIAF 114 - Chapter 3 Life Insurer Financial Statements Terms Policy Loan - Answer- A loan by an insurer to a policyholder with the cash value of the policyholder's life insurance policy as collateral. Mortality rates - Answer- Probabilities of death at specific ages Lock-in concept - Answer- A GAAP accounting concept in which certain assumptions are fixed over the policy term in valuing future policy benefits for traditional life insurance and annuity contracts. Separate account -...

AIAF 114: ASSIGNMENT 1 EXAM QUESTIONS AND ANSWERS Generally Accepted Accounting Principles (GAAP) - Answer- A common set of accounting standards and procedures used in the preparation of financial statements to ensure consistency of presentation and reported results. Statutory Accounting Principles (SAP) - Answer- The accounting principles and practices that are prescribed or permitted by an insurer's domiciliary state and that insurers must follow. Mark-to-model - Answer- The valuat...

AIAF 114 - CHAPTER 4 PRACTICE EXAM QUESTIONS AND ANSWERS Some premium payment plans may include additional payments that exceed the amount required if the premium was paid in full at the policy inception. Such additional payments that are a function of the amount of premium payment are treated under U.S. regulatory accounting as - Answer- Finance charges. Under U.S. regulatory accounting, the liability for extended reporting endorsements covering a definite period into the future is record...

Immunization - PTCB certification Exam Questions and Answers Adjuvant - Answer- Ingredient added to vaccine that helps create a stronger immune response to antigen. Advisory Committee on Immunization Practices (ACIP) - Answer- A panel of 10 experts who make recommendations on the use of vaccines in the United States. The panel is advised on current issues by representatives from the Centers for Disease Control and Prevention, Food and Drug Administration, National Institutes of Health, Ame...

CISB 11 CH 7 EXAM QUESTIONS AND ANSWERS network - Answer-is a connected system of objects or people. Computer network - Answer-network is a collection of computers and other hardware devices connected together so users can share hardware, software, and data, and electronically communicate -Converging with telephone and other communications networks -Range from small private networks to the Internet -Essential in most businesses Monitoring systems - Answer-use networking technol...

CISB 11 -COMPUTER INFO SYSTEMS (CH 1 EXAM Q’S AND A’S Application Software - Answer-Programs that enable users to perform specific tasks on a computer, such as writing a letter or playing a game boot - Answer-to start up the computer Communications - Answer-transmission of data from one device to another computer - Answer-A programmable, electronic device that accepts data input, performs processing operations on that data, & outputs & stores the results computer literacy - An...

CISB 210 FINAL EXAM QUESTIONS AND ANSWERS ________ is defined as information containing patterns, relationships, and trends of various forms of data. - Answer-Business intelligence Which of the following statements is true of source data for a business intelligence (BI) system? - Answer-It refers to data that the organization purchases from data vendors. ________ is the process of obtaining, cleaning, organizing, relating, and cataloging source data. - Answer-Data acquisition Which o...

CISB 11 EXAM 1 QUESTIONS AND ANSWERS Server - Answer-A _________ computer is a computer dedicated to providing one or more services to other computers on the network. random access memory or RAM - Answer-The location on the motherboard where data and programs are temporarily stored until the user closes the file (or program) or the computer is shut off is called __________. Malware - Answer-_____________refers to a computer program designed to perform an unwanted task without the permis...

CISB 11 – FINAL EXAM QUESTIONS AND ANSWERS WPA - Answer-common wireless security technology control structure - Answer-illustrates when, how, and in what order the statements in a computer program are performed cookies file - Answer-data file created and stored on hard drive by website field - Answer-single category of data stored in database (column) data mining software - Answer-grocery store wants to identify buying patterns of customers to maximize sales denial of Servic...

CISB- CHAPTER 6 EXAM QUESTIONS AND ANSWERS The term ________ means that the computing resources leased can be increased or decreased dynamically in a short span of time and that organizations pay for just the resources that they use. - Answer-elastic Cloud resources are ________ because many different organizations use the same physical hardware. - Answer-pooled Which of the following is a characteristic of cloud-based hosting? - Answer-no obsolescence Which of the following is a cha...

Computer Information Systems (CISB 11) Exam Questions and Answers Arithmetic/Logic Unit (ALU) - Answer-The part of the CPU that performs logical operations and integer arithma ASCII (American Standard Code for Information Interchange) - Answer-a fixed-length, binary coding system widely used to represent text-based data for computer processing on many types of computers. Audio ports - Answer-Used to connect speakers, headphones or microphones. Typically a 3.5 mm jack. Bandwidth...

CISB EXAM #1 QUESTIONS AND ANSWERS Time series data vs cross-sectional data - Answer-Time series data - a set of data values observed at successive points in time. Cross-sectional data - a set of data values observed at a fixed point in time. Discrete data vs continuous data - Answer-Discrete - data that can take on a countable number of possible values. Continuous - data whose possible values are uncountable and that may assume any value in an interval. Nomina...

CISB 11: CHAPTERS 1-7 EXAM QUESTIONS AND ANSWERS Computer - Answer-a programmable electronic device that accepts input; performs processing; outputs the results; and provides storage Data - Answer-the raw, unorganized facts that are input into the computer to be processed Information - Answer-Data that the computer has processed into a useful form Hardware - Answer-The physical equipment that makes up the computer system Software - Answer-The instructions, also called computer pro...

RELIAS ED RN A EXAM BUNDLE PACKAGE

CISB 106-EXAM 1 QUESTIONS AND ANSWERS Hybrid notebook-tablet computers - Answer-A portable computer designed to function as both a notebook and a tablet computer. Netbooks - Answer-A small notebook computer that is designed primarily to access Internet applications and resources. thin client - Answer-A personal computer designed to access a network for processing and data storage, instead of performing those tasks locally. Windows desktop - Answer-The background work area displayed o...

CISB EXAM QUESTIONS AND ANSWERS To add a blank table to a page, use the Table button on the ____ tab. - Answer-insert Which of the text wrapping settings flows around the exact outline of an object? - Answer-tight Charlotte has just taken a job at a local publishing house. She has a lot of tasks to accomplish today, but her first task is to write letters to several of the authors and send out contracts. Charlotte wants to make a good impression on her boss, so she wants to make sure all...

CISB EXAM 2 QUESTIONS AND ANSWERS system software - Answer-operating system and utility programs that control a computer system and allow you to use that system application software - Answer-Refers to programs that perform specific tasks such as word processing, database management, or accounting. operating system - Answer-a collection of programs designed to control all the hardware and application software on the computer functions of an operating system - Answer-interfacing with u...