Loma 291 - Study guides, Class notes & Summaries

LOMA 291 Module 4 Exam with complete solutions

LOMA 291 Module 4 Exam Questions with All Correct Answers What is the purpose of an external audit? - Answer-An external audit provides An independent professional opinion as to whether a company's financial statements fairly present the company's operations and that they were prepared according to a given set of accounting principles and standards Suggestions for changes to the company's system of internal control A report of audit findings Sarbanes-Oxley Act (SOX) - Answer-The Sarba...

LOMA 291 Module 1 with Complete Solutions Stakeholders (consituents) A party that has an interest in how a company conducts its business. Also known as a constituent. Dividend Compensation that a company may pay to owners upon a vote by the company's board of directors. Stockholder We stockholders expect the company to grow steadily. We expect to earn a reasonable return, sometimes in the form of dividends. Do you know what a dividend is? Sometimes the board of directors votes t...

accountability - The duty to answer for one's own actions. An audit is an example of a [steering / feedback] control, which is used [during / after] a business process. a. steering / during b. feedback / during c. steering / after d. feedback / after - D. - An audit takes place after a business process, and is therefore an example of a feedback control. Anya recently received a promotion to claims supervisor. Anya is likely to be responsible for which of the following duties? Choose al...

LOMA 291 Module 1 Stakeholders (consituents) - correct answer A party that has an interest in how a company conducts its business. Also known as a constituent. Dividend - correct answer Compensation that a company may pay to owners upon a vote by the company's board of directors. Stockholder - correct answer We stockholders expect the company to grow steadily. We expect to earn a reasonable return, sometimes in the form of dividends. Do you know what a dividend is? Sometimes the board of...

Stakeholders (consituents) - A party that has an interest in how a company conducts its business. Also known as a constituent. Dividend - Compensation that a company may pay to owners upon a vote by the company's board of directors. Stockholder - We stockholders expect the company to grow steadily. We expect to earn a reasonable return, sometimes in the form of dividends. Do you know what a dividend is? Sometimes the board of directors votes to make a payment to the stockholders. The paym...

LOMA 291 Module 1 Questions and Answers 100% Pass Stakeholders (consituents) A party that has an interest in how a company conducts its business. Also known as a constituent. Dividend Compensation that a company may pay to owners upon a vote by the company's board of directors. Stockholder We stockholders expect the company to grow steadily. We expect to earn a reasonable return, sometimes in the form of dividends. Do you know what a dividend is? Sometimes the board of directors votes to make...

Omnichannel distribution - ANSWER A form of distribution that enables personalized sales to customers through multiple, integrated communication channels. Common ways to engage with customers - ANSWER - Face to Face - Phone - Direct Mail or Email - Online - Print and Broadcast Media - Worksite Marketing - Location Selling

Stakeholders (constituents) - ANSWERA party that has an interest in how a company conducts its business Dividend - ANSWERCompensation that a company may pay to owners upon a vote by thr company's board of directors Reinsurance - ANSWERInsurance that one insurance company, the direct writer, purchases from another insurance company, the reinsurer, to transfer all or part of the risk on insurance policies that the direct writer issued Inside directors - ANSWERA member of the board of dir...

Marketing - ANSWERMarketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. Marketing plan - ANSWERA written document that states the marketing goals for a product or product line, and describes the strategies and the implementation and control efforts the company intends to use to achieve those goals. Marketing plans contain: - An executive summary...