Fina 4358 - Study guides, Class notes & Summaries
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FINA 4358 MODULE 1 QUIZ (FINA4358MODULE1QUIZ)
- Exam (elaborations) • 2 pages • 2022
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FINA 4358 MODULE 1 QUIZ 
Commercial Property Insurance 
Homework Questions 
Module 1 
1. One of the steps in the “risk management process” is ‘analyzing exposures. What does this step 
entail? 
The ‘analyzing exposures’ step in the “risk management process” entails estimating the 
significance of possible losses identified in the ‘identifying loss exposure’ step. There are four 
dimensions of analyzing exposures: 
- Loss frequency: number of losses within a time period 
- Lo...
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FINA 4358-CHAPTER 1 QUIZ
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FINA 4358-CHAPTER 1 QUIZ 
Chapter 1 Introduction to Financial Reporting Homework 
Q 1-1. Discuss the role of each of the following in the formulation of accounting principles: 
a. American Institute of Certified Public Accountants – important role in the private sector in 
establishing GAAP 
b. Financial Accounting Standards Board – a basis for evaluating the existing standards of 
financial accounting and reporting 
c. Securities and Exchange Commission – regulate securities trading in na...
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FINA 4358 MODULE 1 QUIZ (FINA4358MODULE1QUIZ)
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1. One of the steps in the “risk management process” is ‘analyzing exposures. What does this step 
entail? 
The exposures will be analyzed to determine the likelihood of loss and its probable 
extent; which might include loss reduction, loss prevention, separation and risk transfer 
2. One of the “Risk Management Techniques is “retention”. What does this step refer to? 
Retention refers to using funds within the organization to pay the losses 
3. Explain in your own words what you th...
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FINA 4358 MODULE 1 QUIZ (FINA4358MODULE1QUIZ)
- Exam (elaborations) • 2 pages • 2022
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INA 4358 MODULE 1 QUIZ 
Commercial Property Insurance 
Homework Questions 
Module 1 
1. One of the steps in the “risk management process” is ‘analyzing exposures. What does this step 
entail? 
The ‘analyzing exposures’ step in the “risk management process” entails estimating the 
significance of possible losses identified in the ‘identifying loss exposure’ step. There are four 
dimensions of analyzing exposures: 
- Loss frequency: number of losses within a time period 
- Loss s...
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FINA 4358-CHAPTER 1 QUIZ Chapter 1 Introduction to Financial Reporting Homework
- Exam (elaborations) • 6 pages • 2022
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FINA 4358-CHAPTER 1 QUIZ 
Chapter 1 Introduction to Financial Reporting Homework
And that's how you make extra money
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FINA 4358 MODULE 1 QUIZ Commercial Property Insurance Homework Questions Module 1
- Exam (elaborations) • 2 pages • 2022
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FINA 4358 MODULE 1 QUIZ 
Commercial Property Insurance 
Homework Questions 
Module 1
-
FINA 4358 MODULE 1 QUIZ (FINA4358MODULE1QUIZ)
- Exam (elaborations) • 2 pages • 2022
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FINA 4358 MODULE 1 QUIZ Commercial Property Insurance Homework Questions Module 1 1. One of the steps in the “risk management process” is ‘analyzing exposures. What does this step entail? The ‘analyzing exposures’ step in the “risk management process” entails estimating the significance of possible losses identified in the ‘identifying loss exposure’ step. There are four dimensions of analyzing exposures: - Loss frequency: number of losses within a time period - Loss severity: ...
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FINA 4358 HOMEWORK 9
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FINA 4358 HOMEWORK 9 
Commercial Property Insurance 
Homework 9 
The Production Dynamics, Inc. “retail outlet” is insured under the ISO Commercial 
Crime Coverage Form that includes the following insuring agreements: 
• Employee Theft 
• Inside the Premises – Theft of Money and Securities 
• Inside the Premises – Robbery or Safe Burglary of Other Property 
• Outside the Premises 
Indicate which, if any, of those insuring agreements would cover each of the following 
losses. If ...
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FINA 4358 MODULE 1 QUIZ
- Exam (elaborations) • 3 pages • 2022
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FINA 4358 MODULE 1 QUIZ
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FINA 4358-CHAPTER 1 QUIZ
- Exam (elaborations) • 6 pages • 2022
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FINA 4358-CHAPTER 1 QUIZDiscuss the role of each of the following in the formulation of accounting principles: 
a. American Institute of Certified Public Accountants – important role in the private sector in 
establishing GAAP 
b. Financial Accounting Standards Board – a basis for evaluating the existing standards of 
financial accounting and reporting 
c. Securities and Exchange Commission – regulate securities trading in national exchanges, 
determine GAAP and regulate accounting pr...
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