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Exam Code: C11
Exam Name: Principles and Practice of Insurance
Vendor: IIC

60 Questions & Answers
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NEW QUESTION: 1

A. Option D
B. Option A
C. Option C
D. Option B
Answer: C
Explanation:
Explanation: http://www.cisco.com/c/en/us/products/collateral/ios-nx-os-software/layer-3- vpns-l3vpn/whitepaper_c11-638769.html

NEW QUESTION: 2
A project management office (PMO) asks a project manager to calculate a project's contingency reserves What should the project manager do"?
A. Review the risk management plan
B. Ask the PMO to increase the budget according to company policies
C. Add a percentage to the cost based on previous experiences
D. Check the total cost and add a reserve to cover quality issues
Answer: A

NEW QUESTION: 3
After completing Discipline 4, Determining Root Cause, of the 8D Troubleshooting Methodology, what is the next discipline to be completed?
A. Discipline 5 - Implement Corrective Actions
B. Discipline 5 - Prevent Recurrences
C. Discipline 5 - Implement a Work-around
D. Discipline 5 - Choose Corrective Actions
Answer: D
Explanation:
Explanation/Reference:
Reference: http://asq.org/learn-about-quality/eight-disciplines-8d/

NEW QUESTION: 4
Which of the following are considered control environment factors?

A. Option D
B. Option A
C. Option C
D. Option B
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Choice "c" is correct. Control environment factors include:
1. Communication and enforcement of integrity and ethical values.
2. Commitment to competence.
3. Participation of those charged with governance.
4. Management's philosophy and operating style.
5. Organizational structure.
6. Assignment of authority, responsibility, and accountability.
7. Human resource policies and practices.
Choice "A" is incorrect. Detection risk is the risk that an auditor's procedures will lead to the conclusion that
a material error does not exist in an account balance when, in fact, such error does exist.
Choices "B" and "D" are incorrect, per the above.


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