CPCU bunlded exams with complete solution

sk - the uncertainty about outcomes, with the possibility that some of the outcomes can be negative. Quantified by knowing the probability of the possible outcomes Probability - the likelihood that an outcome or event will occur. Probabilities are stated as a decimal figure, a percentage, or a fr...

Autonomous Vehicle Applications (AVA) is a start-up company that develops safety technologies that can be sold to companies that are producing autonomous vehicles. One technology AVA is developing allows an autonomous vehicle to detect, extract, and analyze images; and then to respond to the imag...

True - -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 - -is charged with deciding if another branch of government has the power to enact a new law Complaint - -This must include a...

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 t...

CHAPTER 1 What are the two elements of risk? - -Uncertainty of outcome - Time of the outcome and type of outcome are uncertain -possibility of a negative outcome - at least 1 outcome is negative What is the difference between probability and possibility? - Possibility - an outcome or event may ...

What is the formula for the GAAP method for determining return on equity - Net Income / Average Owners Equity State insurance departments enforce insurance laws enacted by the - state legislature What are the underwriting profitability functions of an insurer? - guarding against adverse selectio...

Capital budgeting - The planning and managing of a corporation's long-term investments Capital structure - A corporation's mix of long-term debt and equity Fair value - The market value, either actual or estimated, of an asset or a liability Sarbanes-Oxley Act of 2002 - A federal statutory law ...