Question

Why is regular monitoring and action important in controlling expense risk?

a.

To avoid performing expense analysis

b.

To ensure that expenses exceed expectations

c.

To identify and address any major divergences from expectations

d.

To increase expenses over time

Answer: (c).To identify and address any major divergences from expectations Explanation:Regular monitoring and action are important in controlling expense risk to identify and address any major divergences from expectations.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. Why is regular monitoring and action important in controlling expense risk?

Recommended Subjects

Are you eager to expand your knowledge beyond IC 92 Actuarial Aspects of Product Development? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!