Insurance Licensing PA-Title-Insurance-Agent Q&A - in .pdf

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  • Exam Name: Pennsylvania Producers Examination for Title Insurance Series 16-10
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NEW QUESTION: 1
Which of the following methods of quantitative analysis would be most effective for an organization with data that is out of date?
A. Mode
B. Simple linear regression
C. Weighted average
D. Trend analysis
Answer: C
Explanation:
Answer option B is correct.Measures of central tendency such as mean average, moving average, and weighted average are useful when an organization must include outdated information in its analysis. Typically, more weight is assigned to the more current data; or, as new data is added, older criteria are dropped. This allows for a more accurate reflection of the current condition. A trend analysis (A) compares the movement of a single variable over time, for example, the hiring rate from a single recruiting source. Simple linear regression (C) measures the relationship between two variables, such as how many units employees can produce. All techniques can be used for planning and forecasting purposes. Chapter: Core Knowledge Requirements for HR Professionals Objective: Review Questions

NEW QUESTION: 2
You are managing a construction project using a fixed price (FP) contract. The contract is structured so that your company will be paid a fee of $85,000 to complete the work. There was a $15,000 overhead cost that your company had to cover. It's now three months into the project, and your costs have just exceeded $70,000. The project has now consumed the entire fee, and your company will now be forced to pay for all costs on the project from this point forward. What's the BEST way to describe this situation?
A. The project manager has overspent the budget
B. The project has reached the point of total assumption
C. The project is overdrawn
D. The project has ceased to be a pro t center for the company
Answer: B
Explanation:
The point of total assumption is the point at which the seller assumes the costs. In a fixed price contract, this is the point where the costs have gotten so large that the seller basically runs out of money from the contract and has to start paying the costs.

NEW QUESTION: 3
John works as a professional Ethical Hacker. He has been assigned a project to test the security of www.we-are-secure.com. John wants to redirect all TCP port 80 traffic to UDP port 40, so that he can bypass the firewall of the We-are-secure server.
Which of the following tools will John use to accomplish his task?
A. Cain
B. PsList
C. Fpipe
D. PsExec
Answer: C

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