SOFE SOFA-CFE Exam - Topic 9 Question 60 Discussion

Actual exam question for SOFE's SOFA-CFE exam

Question #: 60
Topic #: 9

The change in reserves equals the gross losses unpaid (liability) at the end of the period less net unpaid losses at the beginning of the period.

ATrue

Bfalse

Show Suggested Answer

Suggested Answer: B

by Goldie at Oct 23, 2022, 11:43 AM

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Casie

4 months ago

Yup, I’m with you on that one!

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Latanya

4 months ago

Gross losses unpaid minus net unpaid losses, simple math!

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Maia

4 months ago

Wait, are we sure about that? Sounds off.

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Claudia

4 months ago

Totally agree, it's all about the net losses.

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Adell

4 months ago

That's how reserves work, right?

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Rebbeca

5 months ago

I believe it's true based on the definitions we covered, but I need to double-check the formula we practiced.

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Catherin

5 months ago

I’m a bit confused about the wording here. Does "change in reserves" really equal that difference?

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Staci

5 months ago

I remember a practice question that was similar, and it emphasized the importance of understanding gross versus net losses.

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Amina

5 months ago

I think this statement is true, but I’m not completely sure about the specifics of how reserves are calculated.

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Joye

5 months ago

Okay, let's see. The device can't install the app, so it's likely not a version compatibility issue. Maybe it's a network or authentication problem?

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Felicitas

5 months ago

I think I know this one - the two nonquantitative job evaluation methods are ranking and classification, right?

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Terrilyn

5 months ago

The key here is that we need to open a port for intercontainer communication. EXPOSE 8080 is the command that does that in a Dockerfile. I'm confident that's the correct answer.

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Vernice

5 months ago

Hmm, this seems straightforward. I'll just need to select the entire SmartArt graphic and then apply the Soft Round bevel shape effect from the Overview section.

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