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CPCU 500 Study Guide Questions with 100% Correct Answers | Verified | Latest Update In the context of risk, the chance of being injured while driving to and from work, loading a truck at work, moving furniture at home, or falling in an icy parking lot at the mall are all examples of A. Possibilities. B. Uncertainties. C. Probabilities. D. Losses. - A. Possibilities. The statement, "There is a five percent chance that John will be injured in an automobile accident while driving to work tom...

CPCU Ethics Exam Study Guide Questions with 100% Correct Answers | Verified | Latest Update Ethical behavior is based on - reasoned consideration of all issues surrounding a conflict Morality is - universal and basic to human relationships Maintaining high ethical standards is best associated with - knowledge of law and regulations The Sarbanes-Oxley federal law requires that publicly traded companies identify principal ethics officers, create anonymous hotlines for reporting unethical beha...

CPCU 551 Exam Compilation Questions with 100% Correct Answers | Verified | Latest Update A building had been vacant for 60 days, and the insurer didn't know about it, when it sustained 100K, 5K, and 1K losses due to windstorm, theft, and sprinkler leakage, respectively. What amount is covered under CPP? - 85K, 0, and 0. If a building is vacant for 60 or more consecutive days before the loss, they won't pay for any loss caused by vandalism, sprinkler leakage, building glass breakage, water da...

CPCU 500 Exam - Managing Evolving Risks Questions with 100% Correct Answers | Verified | Latest Update Which one of the following statements about the use of drones is true? - Drones may be equipped with cameras that relay data in real-time Which one of the following uses infrared light to detect nearby objects? - Lidar AMRM Insurance Company sells insurance in Virginia, North Carolina, South Carolina, and Georgia. The company has compiled a policyowner data base that can be used to send text...

CPCU 520 Practice Exam 1 Questions with 100% Correct Answers | Verified | Latest Update The expenses associated with adjusting claims are referred to as Select one: A. Prospective loss costs. B. Loss adjustment expenses. C. Claims costs. D. Operating expenses. - B. Loss adjustment expenses. Insurer Y is small but has a specialty insurance market for high-value vehicles. In competing with a larger insurer with a broader market, Insurer Y is likely to have which one of the following advan...

WGU C207 Pre Assessment Study Guide New Questions 2024 with 100% Correct Answers | Already Graded A+ Which term can be used to describe managerial decisions? Prescriptive 2 reasons for the increase in use of analytics in organizational decision making? 1. Relatively low cost of computer storage 2. Higher computer processing power How does probability theory inform decision-making for managers? By quantifying risk Which type of data are the Olympic medals of gold, silver, and bronze examples...

WGU C207 Pre-Assessment Multi Choice Version Data-Driven Decision Making (PVPC) |New Questions 2024 with 100% Correct Answers Already Graded A+ Analytics is a broad term that refers to a variety of tools that inform managerial decisions. Which term can be used to describe managerial decisions? a. Prescriptive b. Predictive c. Pareto chart d. Biased a What are two reasons for the increasing use of analytics in organizational decision making? a. Relatively lower cost of computer storage b...

WGU C207 Study Set mixed Questions | New Questions 2024 with 100% Correct Answers | 100% Pass | Already Graded A+ Random Errors Error in measurement caused by unpredictable statistical fluctuations Information Bias A prejudice in the data that results when either the respondent or the interviewer has an agenda and is not presenting impartial questions or responding with truly honest responses, respectively Ratio Data Similar to interval data in that the data is ordered within a range and with...

WGU C207 Study Questions and Answers |New Questions 2024 with 100% Correct Answers | Verified | Latest Update | 100% Pass | Already Graded A+ What is the key focus on analysis? To predict trends using quantitative data. What are the four levels of measurement? 1. Nominal 2. Ordinal 3. Interval 4. Ratio Nominal data is categorical. It has no numerical value. It's not a number. Examples: -the types of pizza you sell -meatball -veggie -cheese (these are labels, they can't be added or ...