A(n) __________ Would Be Used to Measure How Often Claims

question 57

Multiple Choice

A(n) __________ would be used to measure how often claims are made against a workers' compensation insurance policy.

• A)test history
• B)analysis rating
• C)volume match
• D)experience rating
• E)insurance record

Understand the motives for holding cash in an organization.

Identify and explain the concepts of float in cash management.

Understand the strategic significance of collection and disbursement floats in cash management.

Comprehend the BAT and Miller-Orr models for managing cash balances.

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Definitions:

Percentage-Of-Completion Method

An accounting method used to recognize revenue and expenses of long-term projects proportionally with the degree of completion.

Revenue Recognition

the accounting principle dictating the conditions under which revenue is considered earned and can be recorded in the financial statements.

Contract Price

The agreed-upon price for goods or services that is specified in a contractual agreement.

Critical Event

A significant occurrence that has a substantial impact on the operations or financial health of a business or market.