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AFSB 152 - Assignment 6 Practice Exam (solved)
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AFSB 152 - Assignment 6 Practice Exam (solved)
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AFSB 152 -Assignment 6
Practice Exam
(solved)
Analyst Harold Mullins has made some
retrospective adjustments to Glenford
Contracting's recent contract status report.
Which one of the following is true regarding
Harold's action in doing this?
The retrospective adjustment recalculation is
based on the premise that the additional
information is the most reliable.
3 multiple choice options
As underwriter Carmen studies the financial
documents associated with Wyland
Construction, she will find the column on a
contract status report that reflects
overbillings is
, Billings in excess of costs and recognized
earnings.
3 multiple choice options
0:01
/
0:15
Underwriter Graham is explaining the uses of
contract status reports to a group of trainees
at his surety company. Which one of the
following most accurately describes this type
of report?
Even though a contract status report reflects
a dynamic situation, its figures are
reasonably dependable.
3 multiple choice options
Gray Surety's underwriter Haley Stewart is
reviewing Central Building's contract status
reports. Which one of the following will
accurately describe her work as she studies
the various aspects of the reports?
Both Haley and producer Mark will begin
their analysis of projects and backlogs by
studying Central Building's contract status
reports.
3 multiple choice options
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