Obsolete Study guides, Class notes & Summaries

1.Which of the following is FALSE? A.Hardware becomes obsolete more quickly than other organizational technologies. B.Knowing when to purchase hardware is one of the biggest difficulties. C.Technology is getting more advanced, so it tends to get more expensive as time progresses. D.You need to understand hardware because you may be making decisions about hardware purchases or upgrades. Answer - C. Technology is getting more advanced, so it tends to get more expensive as time progresses. 2...

The auditor's judgment concerning the overall fairness of the presentation of financial position, results of operations, and cash flows is applied within the framework of: A: quality control. B: generally accepted auditing standards, which include the concept of materiality. C: the auditor's evaluation of the audited company's internal control. D: the applicable financial reporting framework (i.e., GAAP in the United States). - D: the applicable financial reporting framework (i.e., GAAP...

An insured pays a $100 premium every month for his insurance coverage, yet the insurer promises to pay $10,000 for a covered loss. What characteristic of an insurance contract does this describe? - Aleatory: an aleatory contract means unequal amounts are exchanged between payments and benefits What is the Federal Credit Reporting Act? - Establishes procedures that consumer-reporting agencies must follow in order to ensure that records are confidential, accurate, relevant, and properly used....

AINS 101 | 50 Questions and Answers 100% Solved Which one of the following best explains why producers should be alert to changes in clients' loss exposures? Implemented risk management techniques may prove to be ineffective or become obsolete. Knowledge of such changes will inform their efforts to create a list of experts that can be called to assist. Producers can aid clients in developing risk management cost allocation plans. Producers have expertise about risk financing thro...

PACE Exam Questions and Answers Already Passed 1 main reason a company would repurchase stock improve earnings per share 3 key pieces of information stated on bond certificate interest rate face value maturity date 3 types of events are recorded as transactions operating financial investing 4 characteristics of useful accounting information -comprable -verifiable -timely -understandable accounting equation A=L+SE accrual cash later accured expense expense have been...

AINS 101 | 50 Question with 100 % correct answers | Verified Latest 2024 Graded A+ Which one of the following best explains why producers should be alert to changes in clients' loss exposures? A. Implemented risk management techniques may prove to be ineffective or become obsolete. B. Knowledge of such changes will inform their efforts to create a list of experts that can be called to assist. C. Producers can aid clients in developing risk management cost allocation plans. D. Producers ...

Life Insurance Practice Exam Questions and Answers (2023 / 2024) (Verified Answers) The ownership provision entities the policy owner to do all of the following EXCEPT a) Assign the policy. b) Designate a beneficiary. c) Set premium rates. d) Receive a policy loan. c) Set premium rates. The insurer sets premium rates based upon underwriting considerations. Which of the following protects consumers against the circulation of inaccurate or obsolete personal or financial information...

Arthrex Shoulder Story - -innovated Arthroscopic RCR all along the way Goal for RCR - -biological healing -repair tendon to bone First RCRs - -did not feature anchors -become obsolete in late 80s 90s Shoulder Arthroscopy - 1) Bone Tunnels 2) Suture Anchor 3) Cortical fixation 4) DOUBLE ROW (spot weld) 5) SB, PL 6) Fibertape 7) BioComposite Bone Tunnels - -fixation issue: pull through tissue -Arthrex moves to suture anchor

What law protects consumers from the circulation of inaccurate or obsolete information? CORRECT ANSWER-The Fair Credit Reporting Act What do individuals use to transfer their risk of loss to a larger group? CORRECT ANSWER-Insurance What term describes the fee a person pays an insurance company to start coverage? CORRECT ANSWER-Premium When a change needs to be made on the application for insurance, which is the best method for correcting the information? CORRECT ANSWER-complete a new ap...

Alabama Life and Health Insurance Exam with correct answers The Fair Credit Reporting Act - answer-what law protects consumers from the circulation of inaccurate or obsolete information? domestic, foreign, and alien - answer-Insurers are classified according to their domicile. What are the 3 types of insurers? Fraternal insurer - answer-what type of insurer is a voluntarily formed organization that provides religious organizations with a representative form of government? mutual company ...