Which of the following is used to describe the degree of error?
A. Weighted moving average
B. Forecast as a percent of actual
C. Mean absolute deviation
D. Moving average
E. Regression
Answer: C
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Tools such as a risk assessment form and a risk severity matrix are used to
A. Identify risks. B. Regulate risks. C. Assess risks. D. Respond to risks. E. Control risks.
Which is the equation for operating income?
A) (Price x Units sold) - (Unit variable cost x Units sold) - Fixed cost B) (Price x Units sold) + (Unit variable cost x Units sold) + Fixed cost C) (Price + Units sold) - (Unit variable cost + Units sold) - Fixed cost D) (Price - Units sold) + (Unit variable cost - Units sold) + Fixed cost E) (Price x Units sold) + (Unit variable cost x Units sold) - Fixed cost
Gwen purchased an interesting life insurance policy. A minimum interest rate is guaranteed on the cash value, but additional interest may be credited based on the investment performance of a group of common stocks
There is also a cap on the additional interest credited to the policy. Based on this information, what type of life insurance did Gwen purchase? A) variable life insurance B) indexed universal life insurance C) current assumption whole life insurance D) variable universal life insurance
An integrated contract is a contract with more than one subject or part.
Answer the following statement true (T) or false (F)