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SOFE AFE Exam - Topic 1 Question 31 Discussion

An entity's practices concerning loss settlement, such as a practice of vigorously defending suits or of quickly settling suits, can have a significant effect on an entity's loss experience.
A) True
B) False

SOFE AFE Exam - Topic 1 Question 31 Discussion

Actual exam question for SOFE's AFE exam
Question #: 31
Topic #: 1
[All AFE Questions]

An entity's practices concerning loss settlement, such as a practice of vigorously defending suits or of quickly settling suits, can have a significant effect on an entity's loss experience.

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Suggested Answer: A

by Lawrence at May 04, 2022, 06:20 AM

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Malika
8 months ago
Wait, are we saying defending suits is worse than settling?
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Cristen
8 months ago
Definitely true, it can change everything for the company.
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Avery
9 months ago
Really? I’m not so sure about that.
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Thurman
9 months ago
That's a fact, quick settlements can save money in the long run.
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Delisa
9 months ago
Totally agree, it really impacts the bottom line.
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Thersa
9 months ago
True seems right to me; I recall discussing how aggressive defense versus quick settlements can change the financial outcomes for companies.
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Gregoria
9 months ago
I feel like this could be false, but I can't recall any specific examples from my studies that support that.
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Ernest
9 months ago
I'm not entirely sure, but I remember a practice question that mentioned the importance of settlement strategies.
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Tamar
9 months ago
I think the answer is true because how an entity handles lawsuits can really impact their overall losses.
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Matthew
9 months ago
Okay, I think I know how to approach this. I'll need to use the `kubectl cordon` command to mark the node as unschedulable, then `kubectl drain` to evict all the pods running on it.
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Donte
9 months ago
Hmm, I'm not too familiar with OceanStor 9000 InfoAllocator. I'll need to think this through carefully.
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Lenna
10 months ago
I think battery is definitely a primary tort for security officers since it involves physical harm, right?
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