Guidewire InsuranceSuite-Analyst Q&A - in .pdf

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  • Exam Code: InsuranceSuite-Analyst
  • Exam Name: Associate Certification - InsuranceSuite Analyst - Mammoth Proctored Exam
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  • Q & A: 85 Questions and Answers
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  • Exam Code: InsuranceSuite-Analyst
  • Exam Name: Associate Certification - InsuranceSuite Analyst - Mammoth Proctored Exam
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NEW QUESTION: 1
In the 1970's there was an oversupply of college graduates. The oversupply caused the average annual income of college graduates to fall to a level only 18 percent greater than that of workers with only high school diplomas. By the late 1980's the average annual income of college graduates was 43 percent higher than that of workers with only high school diplomas, even though between the 1970's and the late
1980's the supply of college graduates did not decrease.
Which of the following, if true, in the late 1980's, best reconciles the apparent discrepancy described above?
A. The quality of high school education improved.
B. Compared to the 1970's, a greater number of high schools offered vocational guidance programs for their students.
C. The proportion of the population with at least a college-level education increased.
D. The economy slowed, thus creating a decreased demand for college graduates.
E. There was for the first time in 20 years an oversupply of job seekers with only high school diplomas.
Answer: E
Explanation:
Explanation/Reference:
Explanation:

NEW QUESTION: 2
Lore Co. changed from the cash basis of accounting to the accrual basis of accounting during 1994. The
cumulative effect of this change should be reported in Lore's 1994 financial statements as a:
A. Prior period adjustment resulting from the change in accounting principle.
B. Prior period adjustment resulting from the correction of an error.
C. Component of income after extraordinary item.
D. Component of income before extraordinary item.
Answer: B
Explanation:
Choice "a" is correct. The cash basis for financial reporting is not a generally accepted accounting basis of
accounting (GAAP); therefore, it is an error. Correction of an error from a prior period is a reported as prior
period adjustment to retained earnings. Choice "b" is incorrect. Cash basis reporting is not an accounting
principle under accrual accounting principles. Thus, the change from cash basis is not reported as a
change in accounting principle. In addition, changes in accounting principle are not prior period
adjustments; instead, they are treated retrospectively. Choices "c" and "d" are incorrect. Correction of
prior period errors has no effect on the current year's income statement.

NEW QUESTION: 3
Oracle Cloud Infrastructureサービスの管理に使用できる3つの方法はどれですか? (3つ選択してください。)
A. Command-line Interface
B. Oracle Cloud Infrastructure Console
C. SSH or RDP
D. REST API
E. Oracle Cloud Infrastructure Desktop Client
Answer: A,B,D
Explanation:
https://docs.cloud.oracle.com/iaas/Content/GSG/Concepts/baremetalintro.htm

NEW QUESTION: 4
Which of the following statements about the STEP test process improvement model is true?
K2 1 credit
A. The STEP model stresses defect detection and demonstration of capability, whereas the defect prevention is a secondary potential goal of testing
B. In the STEP model, tests validate the requirements and use cases when they are developed
C. In the STEP model, testware design occurs after coding
D. The STEP model assures that the system requirements specification and the test design specification processes don't overlap
Answer: B

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