Derive functions Guías de estudio, Notas de estudios & Resúmenes

Fundamentals to Insurance Chapter 1 Intro Questions and Answers 100% CorrectFundamentals to Insurance Chapter 1 Intro Questions and Answers 100% Correct List the 5 functions of insurance: - ANSWER-1) Spread of risk 2) Basis of credit system 3) Eliminate worry and develop entrepreneurship 4) Loss reduction and prevention (road safety, alarms, etc.) 5) Employment opportunity Definition of insurance (3 parts) - ANSWER-1) insurance provides a means of shifting ones financial responsibility f...

What is the typical flow of litigation in criminal cases? -Crime, arrest, bail, plea bargaining - Police identification (show-up, line-up, photo ID, informal ID in field) -Either negotiation or trial (mostly ends in negotiation through plea bargaining) What is the typical flow of litigation in civil cases? Almost always settled through negotiations with arbitration because trial is expensive and time consuming. Trial is used to legitimize the outcome, like in divorce suits. What do...

planning - The act of determining the organization's goals and defining the means for achieving them. One of the five basic functions of managers. decision-making process - 1st step - Define the problem decision-making process - 2nd Step - Identify limiting factors. decision-making process - 3rd Step - Develop and potential alternatives. decision-making process- 4th step - Analyze the alternatives. extrinsic rewards - Are externally administered. Praise, a promotion, office décor, and de...

What made the National Security act of 1974 so significant? correct answers It set forth the present structure, missions and functions of the Marine Corps. Who is the most decorated US Marine in history? correct answers Lewis Burwell "Chesty" Puller What does FILBE stand for? correct answers Family of Improved Load Bearing Equipment What is the purpose of the Code of Conduct? correct answers Serves as a guide for behavior expected of a US Citizen and members of the armed forces Wha...

1. Chapter 1 - Intro: 2. List the 5 functions of insurance:: 1) Spread of risk 2) Basis of credit system 3) Eliminate worry and develop entrepreneurship 4) Loss reduction and prevention (road safety, alarms, etc.) 5) Employment opportunity 3. Definition of insurance (3 parts): 1) insurance provides a means of shifting ones financial responsibility from a loss to another party ii) payment will be made only in the event of the happening of a certain risk or peril iii) the amount of the pay...

Chapter 1 - AnswerIntroduction to General Insurance The major function of insurance is to achieve a spread of risk. Explain what is meant by spread of risk. - Answerthe major function of insurance is to share the losses of the few among the many What are the five functions of insurance? - Answer1. spread of risk (major function) 2. basis of credit system 3. eliminates worry and encourages entrepreneurship 4. loss prevention and loss reduction 5. source of employment and investment cap...

Fundamentals of Insurance (BC) - Self-Examination Chapter Questions and correct answers What is the major function of insurance? - ANSWERS To allow the spread of risk. Define "Spread of Risk" - ANSWERS "The losses of the few are shared among the many" What are the 4 other functions of insurance? - ANSWERS 1. Basis of Credit System 2. Eliminates worry - Encourages Entrepreneurship 3. Loss Prevention and Loss Reduction 4. Source of Employment and Investment Capital What are the 3...

Fundamentals to Insurance Chapter 1 Intro Questions & Answers 100% Correct! List the 5 functions of insurance: - ANSWER-1) Spread of risk 2) Basis of credit system 3) Eliminate worry and develop entrepreneurship 4) Loss reduction and prevention (road safety, alarms, etc.) 5) Employment opportunity Definition of insurance (3 parts) - ANSWER-1) insurance provides a means of shifting ones financial responsibility from a loss to another party ii) payment will be made only in the event of th...

Natural Science - · the field of science related to the physical world and its phenomena and processes. Physical Science - astronomy, chemistry, physics Life Science - Biology Basic Science - Science done to gain knowledge, regardless of the application. "knowledge for knowledge" Applied Science - Science applied to the real world. The problem is defined by the researcher Inductive Reasoning - Describes through careful observation and analysis of data. Scientist derive generalizations...

Fundamentals of Insurance (BC) - Self-Examination Chapter Questions and correct answers What is the major function of insurance? - ANSWERS To allow the spread of risk. Define "Spread of Risk" - ANSWERS "The losses of the few are shared among the many" What are the 4 other functions of insurance? - ANSWERS 1. Basis of Credit System 2. Eliminates worry - Encourages Entrepreneurship 3. Loss Prevention and Loss Reduction 4. Source of Employment and Investment Capital What are the 3...