Question

1. Which of the following is not a designation for a worker's comp category for lump sum payment for a employee claim (SELECT ONE).   

A	Permanent Total

B	Permanent partial total

C	Temporary total

D	Permanent partial

E

Death

2. When measuring risk we are not concerned with (SELECT ONE):

A	The frequency

B	All of these are a concern when measuring risk

C	The exposure

D	The severity

E	The likelihood

3. Liquidity ratios indicate:

A	Ability of company to meet project goals

B	Ability of company to turn into cash

C	Ability of company to turn a profit

D	Ability of company to succeed

4. TRUE OR FALSE: The original estimate for the project serves as the budget for the project.

5. Notice to the subs for commencement from the prime should happen:

A	By letter two weeks prior

B	By letter four weeks prior

C	By letter one weeks prior

D	By letter three weeks prior

Answer 1

1. option C, temporary total.

temporary total does not qualify for lumpsum payment.

2. option B, All of these are a concern when measuring risk

all of the options are important when measuring risk.

3. option B, Ability of company to turn into cash

liquidity ratio suggest the ability of the company to pay off its shortterm debts. hence option B.

4. False, the original estimate is a basis for deciding the project. But there is always some budgeting done for contingencies. hence budget is normally higher that estimate.