Management

Are you currently working? Or have you worked before?

Are you currently working? Or have you worked before?

Are you currently working? Or have you worked before? If you are or did, how would you describe your attitudes toward that job and why? How did that attitude affect you?

Pranshu Bansal   89   1 Reply

habiba

If the seafood restaurant that added the Calabash-style preparation were a fine dining establishment ...

If the seafood restaurant that added the Calabash-style preparation were a fine dining establishment ...

[html]If the seafood restaurant that added the Calabash-style preparation were a fine dining establishment with white tablecloths, subdued lighting, and soft jazz music, what customer consideration did menu planners fail to consider?

▸ Concept or br

victor.m.rojas2   510   3 Replies

Sanjay Kumar1

How well did you do in the cultural intelligence assessment?

How well did you do in the cultural intelligence assessment?

How well did you do in the cultural intelligence assessment? What is your profile like? Based on your own experience, to what extent do you think the profile is reflective of your true cultural intelligence?

Pranshu Bansal   77   1 Reply

habiba

Describe a time when you felt motivated to do so something.

Describe a time when you felt motivated to do so something.

Based on the definition of motivation, describe a time when you felt motivated to do so something.

Pranshu Bansal   89   1 Reply

habiba

Long-tail claims are those filed:

Long-tail claims are those filed:

Long-tail claims are those filed:
A) as a result of animal injuries
B) by shareholders against the board of directors of a corporation
C) several years after the actual injury takes place
D) in a no-fault state

medulla   136   2 Replies

Zy

Plumbers who serve as subcontractors are often held liable for:

Plumbers who serve as subcontractors are often held liable for:

Plumbers who serve as subcontractors are often held liable for:
A) professional liability
B) completed operations liability
C) toilet clog liability
D) This is a trick question; subcontracted plumbers cannot be held liable for any

medulla   134   2 Replies

Zy

The ADA holds a business responsible for providing:

The ADA holds a business responsible for providing:

The ADA holds a business responsible for providing:
A) guaranteed jobs for disabled workers
B) opportunities for disabled workers
C) opportunities for drunk workers
D) retirement benefits for disabled workers

medulla   112   2 Replies

Zy

The United States' Life-Health insurance industry wrote how many billion worth of premiums in ...

The United States' Life-Health insurance industry wrote how many billion worth of premiums in ...

The United States' Life-Health insurance industry wrote how many billion worth of premiums in 2008?
A) 96.5
B) 223.6
C) 518.1
D) 641.6

keyone   138   3 Replies

Zy

Buying insurance from a mutual may not always be desirable because:

Buying insurance from a mutual may not always be desirable because:

Buying insurance from a mutual may not always be desirable because:
A) the mutual is trying to make a profit for the stockholders
B) you may be paying for other insureds' losses
C) premiums may be greater than that of a stock comp

keyone   147   2 Replies

Zy

A stock insurer is managed by:

A stock insurer is managed by:

A stock insurer is managed by:
A) an attorney-in-fact
B) an agency supervisor
C) a fraternal representative
D) representatives chosen by shareholders

keyone   104   3 Replies

Zy

An assessment mutual: (Multiple Choice)

An assessment mutual: (Multiple Choice)

An assessment mutual:
A) provides primarily fire and windstorm insurance
B) is owned by stockholders who supply the capital
C) distribute all investment earnings to its policyholders in the form of a dividend
D) requires only asse

medulla   133   2 Replies

Zy

Adverse selection results in which of the following?

Adverse selection results in which of the following?

Adverse selection results in which of the following?
A) No underwriting is necessary.
B) Applicants for insurance have a higher probability of loss than the average group of insureds.
C) The federal government must write the insurance.

medulla   119   2 Replies

Zy

Which of the following is not a type of mutual insurance organization?

Which of the following is not a type of mutual insurance organization?

Which of the following is not a type of mutual insurance organization?
A) Assessment
B) Advanced-premium
C) Perpetual
D) Reciprocal

keyone   104   3 Replies

Zy

Lloyd's of London: (Multiple Choice)

Lloyd's of London: (Multiple Choice)

Lloyd's of London:
A) is an unincorporated, not-for-profit insurer
B) is partly a mutual company and partly a stock company
C) sells mainly homeowners insurance to residents of London
D) operates in the surplus lines and mari

keyone   200   3 Replies

Zy

The United States' Property-Liability insurance industry wrote how many billion worth of premiums ...

The United States' Property-Liability insurance industry wrote how many billion worth of premiums ...

The United States' Property-Liability insurance industry wrote how many billion worth of premiums in 2008?
A) 25.4
B) 97.4
C) 317
D) 439.8

keyone   135   2 Replies

Zy

Assessment mutuals: (Multiple Choice)

Assessment mutuals: (Multiple Choice)

Assessment mutuals:
A) primarily provide fire and windstorm coverage for small towns and farmers
B) do a lot more business than advance premium mutuals
C) do about the same amount of business as advance premium mutuals
D) are shar

medulla   181   2 Replies

Zy

The items in an insurance pool must be similar to reduce subsidization.T/F?

The items in an insurance pool must be similar to reduce subsidization.T/F?

The items in an insurance pool must be similar to reduce subsidization.
T/F?

medulla   131   2 Replies

Zy

In an insurer death spiral only people who do not really need insurance purchase it. T/F?

In an insurer death spiral only people who do not really need insurance purchase it. T/F?

In an insurer death spiral only people who do not really need insurance purchase it.
T/F?

medulla   167   2 Replies

Zy

Dividends from mutual insurers are a part of the contract, and minimum dividends are guaranteed.T/F?

Dividends from mutual insurers are a part of the contract, and minimum dividends are guaranteed.T/F?

Dividends from mutual insurers are a part of the contract, and minimum dividends are guaranteed.
T/F?

medulla   113   2 Replies

Zy

The Gramm-Leach-Bliley Act (1999) allows banks, security dealers, and insurance companies to combine ...

The Gramm-Leach-Bliley Act (1999) allows banks, security dealers, and insurance companies to combine ...

The Gramm-Leach-Bliley Act (1999) allows banks, security dealers, and insurance companies to combine together to form financial services holding companies.
T/F?

medulla   132   2 Replies

Zy

The insurer's efficiency and underwriting practices are much more important to the consumer than ...

The insurer's efficiency and underwriting practices are much more important to the consumer than ...

The insurer's efficiency and underwriting practices are much more important to the consumer than where the insurer is located, for example Bermuda or the Cayman Islands.
T/F?

keyone   175   3 Replies

Zy

For many years a restaurant is the only operation located on the ocean. They can charge premium ...

For many years a restaurant is the only operation located on the ocean. They can charge premium ...

[html]For many years a restaurant is the only operation located on the ocean. They can charge premium prices, as guests love the view. Four more restaurants open on the same beach. What economic principle will dictate what premium guests may now be w

spruckj   769   3 Replies

Ernest Goode

By applying the law of large numbers the insurance companies can predict the loading expenses. T/F?

By applying the law of large numbers the insurance companies can predict the loading expenses. T/F?

By applying the law of large numbers the insurance companies can predict the loading expenses.
T/F?

keyone   161   4 Replies

Ryan_Adame

Which of the following is the correct calculation of the insurance premium?

Which of the following is the correct calculation of the insurance premium?

Which of the following is the correct calculation of the insurance premium?
A) Insured Loss Claims + Loading Expenses + Fair Rate of Return - Investment Income
B) Insured Loss Claims + Loading Expenses + Investment Income - Fair Rate of Re

medulla   128   2 Replies

Zy

The scope of insurance: (Multiple Choice)

The scope of insurance: (Multiple Choice)

The scope of insurance:
A) limits the tax-deductibility of premiums
B) is limited to social insurance
C) is not clearly defined
D) does not include weddings

medulla   99   2 Replies

Zy

A burglar enters Marcia's home and steals $10,000 worth of appliances. Marcia tells the insurance ...

A burglar enters Marcia's home and steals $10,000 worth of appliances. Marcia tells the insurance ...

A burglar enters Marcia's home and steals $10,000 worth of appliances. Marcia tells the insurance company that the appliances were worth $20,000. This overstatement of the loss is an example of:
A) a morale hazard
B) a peril
C) in

keyone   282   2 Replies

Zy

Bodacious D, a famous singer, is performing at a concert. He does not have his body guards and ...

Bodacious D, a famous singer, is performing at a concert. He does not have his body guards and ...

Bodacious D, a famous singer, is performing at a concert. He does not have his body guards and security team present for the concert. A crazed fan runs up on stage, declares her love for Bodacious D, and throws herself at him. Bodacious D lands on th

medulla   149   2 Replies

Zy

From the insurance company's perspective, what is the difference between written premium and earned ...

From the insurance company's perspective, what is the difference between written premium and earned ...

From the insurance company's perspective, what is the difference between written premium and earned premium?
A) There is no difference; they are effectively the same thing.
B) Written premiums are those that belong to the insurer; earn

keyone   115   2 Replies

Zy

Warren is the president of The Huge Insurance Company. His Vice-President in charge of Finance comes ...

Warren is the president of The Huge Insurance Company. His Vice-President in charge of Finance comes ...

Warren is the president of The Huge Insurance Company. His Vice-President in charge of Finance comes to him one day and says "Warren, our combined ratio for the year is 105%." Warren replies, "Let's party!" Why isn't War

medulla   262   2 Replies

Zy

Proximate cause means: (Multiple Choice)

Proximate cause means: (Multiple Choice)

Proximate cause means:
A) the first insured peril in a chain of events leading to a loss
B) the event nearest the peril in time
C) the event nearest the peril in space
D) the event nearest the loss in time and space

medulla   123   2 Replies

Zy

If you were an underwriter of personal auto insurance, which of the following underwriting criteria ...

If you were an underwriter of personal auto insurance, which of the following underwriting criteria ...

If you were an underwriter of personal auto insurance, which of the following underwriting criteria would you most prefer to use because of its incentive value?
A) Gender
B) Age
C) Driving record
D) Health

medulla   138   3 Replies

Zy

Billy is driving to the beach for spring break. Before leaving on his trip, he takes some cold ...

Billy is driving to the beach for spring break. Before leaving on his trip, he takes some cold ...

Billy is driving to the beach for spring break. Before leaving on his trip, he takes some cold medicine that makes him sleepy. He falls asleep at the wheel and collides with another car on the highway and breaks his leg. In this context, which of the

medulla   131   2 Replies

Zy

The insurance mechanism: (Multiple Choice)

The insurance mechanism: (Multiple Choice)

The insurance mechanism:
A) redistributes the cost of insured losses
B) intends to make profits for social insurance policies
C) only applies to private insurance companies
D) is defined by law

keyone   155   4 Replies

Zy

Private insurance can be classified according to coverage. Distinct types mentioned in the text ...

Private insurance can be classified according to coverage. Distinct types mentioned in the text ...

Private insurance can be classified according to coverage. Distinct types mentioned in the text include all the following except:
A) Property
B) Commercial Lines
C) Auto
D) Submarine

medulla   141   2 Replies

Zy

All of the following are costs to society arising from an insurance system's operation except:

All of the following are costs to society arising from an insurance system's operation except:

All of the following are costs to society arising from an insurance system's operation except:
A) payments for losses caused by fraudulent claims
B) payments for losses caused by exaggerated claims
C) use of land, labor and capita

keyone   112   2 Replies

Zy

Which of the following is not a type of property and liability insurance?

Which of the following is not a type of property and liability insurance?

Which of the following is not a type of property and liability insurance?
A) Bank deposit insurance
B) Commercial lines insurance
C) Business interruption coverage
D) Wedding insurance

medulla   118   2 Replies

Zy

The expense ratio equals: (Multiple Choice)

The expense ratio equals: (Multiple Choice)

The expense ratio equals:
A) total underwriting expenses divided by insured losses
B) net income divided by total expenses
C) total expenses divided by net income
D) total expenses divided by premiums written

medulla   124   2 Replies

Zy

Rusty is the president of The Huge Insurance Company. His Vice-President in charge of Finance comes ...

Rusty is the president of The Huge Insurance Company. His Vice-President in charge of Finance comes ...

Rusty is the president of The Huge Insurance Company. His Vice-President in charge of Finance comes to him one day and says "Rusty, our combined ratio for the year is 95%." Rusty replies, "Wooo hooo, profit sharing bonuses for everyone

medulla   214   2 Replies

Zy

Which of the following is a true statement?

Which of the following is a true statement?

Which of the following is a true statement?
A) Insurers are significant financial intermediaries in the U.S. economy.
B) Property insurers are prohibited from insuring commercial real estate.
C) The insurance companies in the U.S. are

keyone   113   3 Replies

Zy

Marine insurance protects property in transit from damage. T/F?

Marine insurance protects property in transit from damage. T/F?

Marine insurance protects property in transit from damage.
T/F?

medulla   120   2 Replies

Zy