Uncertainty avoidance Study guides, Class notes & Summaries

California property and casualty exam, Pool Questions & Answers. Verified. Rated A The process where by a mutul insurer becomes a stock company is called - Demutalization The process whereby a stock company a mutal insurer is called - Mutalization The provision in a property policy which states that the insured has been paid up to their insurable interest is - Valuation clause The part of the policy that states the amout of coverage the insured property policy period is - Declara...

BUSI 3250 Exam 1 Study Guide What are the 3 P's of sustainability? - people, planet, profit Meeting the needs of the future without compromising the ability of future generation's to meet their needs - Sustainable Development C.K. Prahalad popularized the term - "Bottom of the Pyramid" What does "Bottom of the Pyramid" refer to? - refers to the approximately 3 billion people who survive on less than $2 per day, where basic survival needs are just barely met. Prahalad suggest...

NURS 3004 question and answers, 100% accurate Classic theories of leadership -the great man theory (born not made) -the trait theory (height, weight, energy, age) -situational theory (chosen or right place right time) Contemporary theories of leadership -transformational leadership -authentic leadership -adaptive leadership -appreciative inquiry -complexity theory Transformational Leadership 4 Processes - idealized influence - inspirational motivation - individualized ...

Activity-Based costing (ABC) Ans: A method of cost accounting designed to identify streams of activity and then to allocate costs across particular business processes according to the mount of time employees devote to particular activities Adapters Ans: Companies that take the current industry structure and its evolution as givens, and choose where to compete. Adverse impact Ans: When a seemingly neutral employment practice has a disproportionately negative effect on a protected group. Ad...

QUESION genetic temperament traits - harm avoidance (fear of uncertainty, shyness) - novelty seeking (quick-tempered, impulsive) - reward dependence (sensitive, sociable) - persistence (hardworking, ambitious) QUESION psychodynamic character traits Answer: - self-directedness (responsible, goal-orient- ed) - cooperativeness (integral part of society, empathetic) - self-transcendence (integral part of the universe, humble) QUESION Psychopharmacology based on perso...

Texas Property & Casualty Insurance Exam Questions And Answers A condition or situation that presents a possibility of loss is a (an): - ANS exposure The purpose of insurance is to: - ANS transfer risk Which hazard can be described as a careless attitude or general indifference on the part of the insured toward the occurrence of loss? - ANS morale Which risk is insurable? - ANS pure With regard to insurance, risk can be defined as: - ANS uncertainty regarding los...

A condition or situation that presents a possibility of loss is a (an): CORRECT ANSWER exposure The purpose of insurance is to: CORRECT ANSWER transfer risk Which hazard can be described as a careless attitude or general indifference on the part of the insured toward the occurrence of loss? CORRECT ANSWER morale Which risk is insurable? CORRECT ANSWER pure With regard to insurance, risk can be defined as: CORRECT ANSWER uncertainty regarding loss Treating risk by purchasing insura...

BUS 201 Midterm Exam (COMPLETE SOLUTION)According to a study by The Corporate Library, some of the worst boards include: Select one: a. Hershey Foods Corporation b. Cintas Corporation c. Citigroup Inc. d. All of the above. e. None of the above. The correct answer is: Citigroup Inc. Manager A is a "rugged individualist" who believes that every person is responsible for him/herself. Manager B is the employee who questions everything – not just the decision made but whether or not th...

Indirect Loss - Answer- A secondary loss that follows from a direct loss to insured property from a covered peril. Ex. Hotel expenses incurred by the insured while a fire-damaged home is repaired is an indirect loss that follows the direct loss of the home. Exclusive Agency System - Answer- An insurance distribution system in which producers (agents) represent a single company. Ex. In the exclusive agency system, insurers use independent contractors (exclusive agents) that represent only on...

South Dakota Crop Insurance Exam with Certified Solutions Insurable Interest occurs when a person stands to lose life or property. In property and casualty insurance an insurable interest must exist at the time of loss. In crop insurance, the owner of the crop has the insurable interest. Risk uncertainty or chance of loss. Can be speculative (an opportunity for gain that may result in a loss) or pure (involves only the possibility of loss or no loss) Exposure potential for loss th...