Gba 1 Study guides, Class notes & Summaries

CEBS - GBA 1 - Practice Exam Questions and Answers 100% Pass Which of the following statements correctly describes minimum requirements that group benefit plans typically must meet in order to be prospectively rated on contract renewal? The more unpredictable the event that will trigger a claim, the larger the minimum group size and premium requirements Which of the following statements correctly describes the term graduation as it applies to mortality tables? It is a mathematical process that...

What's the rule of 72? - Answer- How long it takes for a sum of money to double at a given interest rate 72/interest rate = # of years to double OR 72/# of years to double = interest rate What's a general partner? - Answer- A general partner has the authority to act on behalf of the business without the knowledge or permission of the other partners. Unlike a limited or silent partner, the general partner may have unlimited liability for the debts of the business. T/F f you start a busine...

CEBS - GBA 1 - PRACTICE EXAM

CEBS - GBA 1 - Practice Exam With All Questions and Answers...

Test - GBA 1 - Practice Exam: Directing Benefits Programs Part 1 Already Passed Which risk-handling techniques are being used by a firm that decides to not produce a dangerous chemical, to purchase insurance with a $10,000 deductible on its assets and to install a fire sprinkler system throughout the plant? Avoidance, retention, insurance and control Which of the following statements regarding prescription drug rebates is correct? A rebate occurs when there is an agreement between a pharmacy b...

GBA 1 - Study Guide Questions and Answers Rated A+ What was the purpose of the Health Maintenance Organization Act of 1973? The health maintenance organization action of 1973 provided federal initiatives - consisted of federal grants and loans to organizations wishing to investigate the feasibility of "federally qualified HMO" How did the passage of the Health Maintenance Organization Act of 1973 affect the growth of HMOs? The government began to withdraw its funding during the Reagan adminis...

Which of the following statements correctly describes minimum requirements that group benefit plans typically must meet in order to be prospectively rated on contract renewal? - The more unpredictable the event that will trigger a claim, the larger the minimum group size and premium requirements Which of the following statements correctly describes the term graduation as it applies to mortality tables? - It is a mathematical process that removes anomalies that should not appear in the mort...

What is the biggest problem facing us in the future? - Answer- Longevity, not retirement Where is the burden of saving and investing for retirement and health care shifting? - Answer- From employer to employee What percentage of households have income of more than $113,000? - Answer- 10% What percentage of households earn $160,000? - Answer- 5% What is a common trait of millionaires? - Answer- The ability to communicate and sell their ideas Where can the lender not take out money ...

UGBA 135 Final 2022 with complete solution ...

UGBA 135 FINAL EXAM WITH COMPLETE SOLUTION ...