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CPCU exam 2023 with 100% verified accurate answers CPCU 540 exam 2023 with 100% verified accurate answers
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Probability - correct answerThe likelihood that an outcome or event will occur 
 
Risk - correct answerUncertainty about outcomes, with the possibility that some outcomes can be negative 
 
Pure Risk - correct answerA chance of loss or no loss, but no chance of gain 
 
Speculative Risk - correct ans...
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Add to cartProbability - correct answerThe likelihood that an outcome or event will occur 
 
Risk - correct answerUncertainty about outcomes, with the possibility that some outcomes can be negative 
 
Pure Risk - correct answerA chance of loss or no loss, but no chance of gain 
 
Speculative Risk - correct ans...
Ethical behavior is based on - correct answerreasoned consideration of all issues surrounding a conflict 
 
Morality is - correct answeruniversal and basic to human relationships 
 
Maintaining high ethical standards is best associated with - correct answerknowledge of law and regulations 
 
The Sar...
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Add to cartEthical behavior is based on - correct answerreasoned consideration of all issues surrounding a conflict 
 
Morality is - correct answeruniversal and basic to human relationships 
 
Maintaining high ethical standards is best associated with - correct answerknowledge of law and regulations 
 
The Sar...
Loss exposure - correct answerAny condition or situation that presents a possibility of loss, whether or not an actual loss occurs. 
 
Cause of loss (peril) - correct answerThe actual means by which property is damaged or destroyed. 
 
Property loss exposure - correct answerA condition that presents...
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Add to cartLoss exposure - correct answerAny condition or situation that presents a possibility of loss, whether or not an actual loss occurs. 
 
Cause of loss (peril) - correct answerThe actual means by which property is damaged or destroyed. 
 
Property loss exposure - correct answerA condition that presents...
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Railroad owners commonly require contractors to purchase a Railroad Protective Liability Coverage Form. Which one of the following statements about this form is true? - correct answerOne of the coverage limits applies to physical damage to property owned by or leased or entrusted to the railroad 
 
...
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Add to cartRailroad owners commonly require contractors to purchase a Railroad Protective Liability Coverage Form. Which one of the following statements about this form is true? - correct answerOne of the coverage limits applies to physical damage to property owned by or leased or entrusted to the railroad 
 
...
Commercial Package Policy (CPP) 1-1 - correct answerPolicy that covers two or more lines of business by combining ISO's commercial lines coverage parts 
 
Businessowners Policy (BOP) 1-2 - correct answerA package policy that combines most of the property and liability coverages needed by small and ...
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Add to cartCommercial Package Policy (CPP) 1-1 - correct answerPolicy that covers two or more lines of business by combining ISO's commercial lines coverage parts 
 
Businessowners Policy (BOP) 1-2 - correct answerA package policy that combines most of the property and liability coverages needed by small and ...
The generally accepted accounting principles (GAAP) matching principle - correct answerHelps businesses to accurately measure the profitability of their activities. 
 
By requiring businesses to match expenses to revenues, the matching principle helps businesses to accurately measure the profitabili...
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Add to cartThe generally accepted accounting principles (GAAP) matching principle - correct answerHelps businesses to accurately measure the profitability of their activities. 
 
By requiring businesses to match expenses to revenues, the matching principle helps businesses to accurately measure the profitabili...
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Capital budgeting - correct answerThe planning and managing of a corporation's long-term investments 
 
Capital structure - correct answerA corporation's mix of long-term debt and equity 
 
Fair value - correct answerThe market value, either actual or estimated, of an asset or a liability 
 
Sarba...
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Add to cartCapital budgeting - correct answerThe planning and managing of a corporation's long-term investments 
 
Capital structure - correct answerA corporation's mix of long-term debt and equity 
 
Fair value - correct answerThe market value, either actual or estimated, of an asset or a liability 
 
Sarba...
True - correct answer-If the jurisdiction of the federal courts is based on diversity of citizenship, the subject matter of the dispute may be which state's law applies 
 
Judical Branch - correct answer-is charged with deciding if another branch of government has the power to enact a new law 
 
Co...
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Add to cartTrue - correct answer-If the jurisdiction of the federal courts is based on diversity of citizenship, the subject matter of the dispute may be which state's law applies 
 
Judical Branch - correct answer-is charged with deciding if another branch of government has the power to enact a new law 
 
Co...
James wants to pursue a legal claim against his neighbor, but he does not know what kind of dispute resolution procedure is the best choice for his situation. The dispute is over a relatively small amount of money, so James does not want to spend a lot in pursuit of his claim. James wants to be able...
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Add to cartJames wants to pursue a legal claim against his neighbor, but he does not know what kind of dispute resolution procedure is the best choice for his situation. The dispute is over a relatively small amount of money, so James does not want to spend a lot in pursuit of his claim. James wants to be able...
Which one of the following functional areas of Keithly can assist Alex with this audit's irregularity? - correct answerSpecial Investigation Unit 
 
Which one of the following best describes a FAIR plan and its insureds? - correct answerState-run plans with cost spread among private insurers in the...
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Add to cartWhich one of the following functional areas of Keithly can assist Alex with this audit's irregularity? - correct answerSpecial Investigation Unit 
 
Which one of the following best describes a FAIR plan and its insureds? - correct answerState-run plans with cost spread among private insurers in the...
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. - correct answerB. Loss adjustment expenses. 
 
Insurer Y is small but has a specialty insurance market for high-value v...
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Add to cartThe 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. - correct answerB. Loss adjustment expenses. 
 
Insurer Y is small but has a specialty insurance market for high-value v...
CPCU exam 2023 with 100% verified accurate answers
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