Which of the following statements about the exposure units and risk pooling is not correct?
A) Exposure units should not be exposed to risk in order to be added to the risk pool.
B) Risk pooling is the ability to reduce the risk of an exposure unit by creating more homogenous pool of units.
C) Risk pooling works best if the number of exposure units is small.
D) Risk pooling is the ability to reduce the risk of an exposure unit by making more accurate predictions about a large pool of units.
D
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Which of the following statements is true of the North American Industry Classification System (NAICS)?
A. It was developed by the Federal Trade Commission (FTC). B. It is a classification system developed by the United States. C. It uses an eight-digit classification system. D. It is limited in its use to only manufacturing companies. E. It was created to collect data on North America's business activity.
To ensure sound internal control, program coding and program processing should be separated
Indicate whether the statement is true or false
Although expensive to install and maintain, a standard cost accounting system can save a company considerable amounts of money by reducing resource waste
Indicate whether the statement is true or false
______ identifies what has to be done within the organization to produce a product or service. For each product or service, the tool identifies the series of tasks that need to be completed to take the work from initiation to completion.
A. HR forecasting B. Job analysis C. Ratio analysis D. Workflow analysis