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NEW QUESTION 31
Which of the following will you put into box 6?

A. strategicB. operationalC. intellectual propertyD. environment

Answer: B

Explanation:
Explanation
The correct answers are as follows:
Table Description automatically generated

 

NEW QUESTION 32
What is the job of an underwriter?

A. to determine the validity of an insurance claimB. to evaluate insurance applicationsC. to assist a buyer in selecting the correct insuranceD. to advise required insurance levels for a contract

Answer: B

Explanation:
Explanation
An underwriter evaluates insurance applications. Learn the difference between Insurance Underwriters and Claims Adjusters for the exam - this is a known topic. (A claims adjuster determines the validity of an insurance claim).

 

NEW QUESTION 33
Which of the following models would be used to explore internal and external risks to a business?

A. SWOTB. Poisson DistributionC. Porter's 5 ForcesD. STEEPLE

Answer: A

Explanation:
Explanation
SWOT is used for this. S + W is strengths and weaknesses, which are internal risks. O+T are opportunities and threats which are external risks. See p. 12 for more information

 

NEW QUESTION 34
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