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Design and Accounting Exam Old Retirement Company/Sponsor Perspective (nation-specific) Forum

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Old 03-09-2018, 12:09 PM
AmericanActuary6850 AmericanActuary6850 is offline
Join Date: Sep 2012
Posts: 19
Default Points per questions and bullet points per response

For those who have taken this exam before, how do you determine how many items to mention in your response to a question. Let's say you're asked to describe an annuity-buy and it is worth 2 points. Should you describe 2 features, 4 features, 6 features or any other number.

In the solution to the Fall 2017 question, they mention seven features but seven features seem like overkill for a two point question.
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Old 03-12-2018, 08:28 AM
Amyashi Amyashi is offline
Join Date: Jul 2014
Location: Toronto
College: University of Waterloo (Alumnus)
Posts: 45

The general consensus is that for questions that require lists, each relevant bullet point is worth half a point. So a 2 point question would require a minimum of 4 good points for full marks.

In the context of that particular question - I think completeness will get you full points. Rather than a list type question I would categorize it as a definition question. The number of bullet points is less important than fully describing the distinctive characteristics of an annuity buy-in (i.e. if the question was worth more or less points, I would not change my answer).
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