FREE AON Assessment Practice Questions and Answers

Question 1

Definition: Increasing output, gaining more clients, or creating new products to grow a business (as opposed to mergers and acquisitions)
Pertain: Financial Statement

Accepted Answer

FALSE

Answer

The definition provided describes "organic growth," which is a business strategy focused on internal expansion rather than external acquisitions. While organic growth impacts a company's financial statements, the term itself is not a "Financial Statement." Financial statements are formal records of a company's financial activities, such as the balance sheet or income statement.

Question 2

DEFINITION: Aon branch offers outsourcing, reinsurance brokerage, and consulting services in human capital and management.
Pertain: Hewitt

Accepted Answer

TRUE

Answer

Hewitt Associates was a global human resources consulting and outsourcing company that was acquired by Aon in 2010, forming Aon Hewitt. Aon Hewitt (now largely integrated into Aon's broader services) specializes in human capital solutions, including HR consulting, outsourcing, and benefits administration, aligning with the definition provided.

Question 3

Definition: An Aon branch offers retail services for risk management, liability, and property/casualty insurance.
Pertain: Hewitt

Accepted Answer

FALSE

Answer

The definition describes services typically offered by Aon's Risk Solutions group, which focuses on retail brokerage for risk management, liability, and property/casualty insurance. Hewitt (or Aon Hewitt) primarily deals with human capital, HR consulting, and benefits, not general risk management and property/casualty insurance retail services.

Question 4

Leading reinsurance broker and full-service capital advisor at Aon.

Accepted Answer

Benfield

Answer

Aon Benfield was the global reinsurance intermediary and capital advisor arm of Aon plc. It specialized in providing reinsurance brokerage, analytics, and capital solutions to insurance companies worldwide. While Aon has restructured its segments, Benfield was historically the name associated with its leading reinsurance operations.

Question 5

Overview of a company's financial usage report 1. Monetary statements. 2. Income declaration. 3. Corporate financials and cash flow.

Accepted Answer

Financial statement

Answer

The description refers to a "Financial statement," which is a formal record of the financial activities and position of a business. It encompasses documents like the balance sheet, income statement (or income declaration), and cash flow statement, providing a comprehensive overview of a company's financial health and performance.

AON - Assessment Practice Test

AON - Assessment Practice Test

FREE AON Assessment Practice Questions and Answers