OCS FP I Exam

An insurance underwriter:

• determines repair costs for insurance claim settlements.

• reviews individual applications for insurance to evaluate the degree of risk involved and determine the acceptance of applications.

An insurance appraiser:

• determines repair costs for insurance claim settlements.

• processes applications for insurance policies and any requested changes to these policies.

Why is it important for business employees to follow established security procedures?

• to avoid the risk of accidents

• to avoid getting fired

To maintain workplace security and minimize breaches, one must be:

• distracted.

• observant.

Edward, an employee, has always been a pessimistic person, but his attitude has been very negative lately. He obviously has an extreme dislike for the new manager, and recently, his favorite topics of conversation have b

• share this information with the supervisor or the HR department

• call the local sheriff or police chief to discuss Edward's mood

Which federal agency is responsible for collecting complaints about identity theft and also prevents fraudulent, deceptive, and unfair business practices

• Federal Bureau of Investigation

• Federal Trade Commission

A business can protect itself from shoplifters by:

• stocking goods on tall shelf units.

• using closed-circuit television.

Which scenario is an example of point-of-sale fraud?

• employees undercharging their friends

• customers replacing price tags

A bond's profit or loss over a period of time at a particular amount is called the:

• yield

• liquidity

Which best describes a marketable bond?

• A. one that is bought and sold in the open market

• one that is paid back before maturity