Effectuation - Study guides, Class notes & Summaries

Management Analyst Exam Prep 90 Questions with Verified Answers Different authorities have conflicting views regarding delegation. However, there seems to be a general agreement that if chief executive A delegates a task to subordinate executive B, Executive B cannot in-turn delegate to junior executive C A. Within organizational policy, to prescribe the methods to be used in performing the task. B. Responsiblity for direct supervision of the task to be performed. C. The duty to insure t...

COBRA (because she can convert, and if she has a long term illness it it will be hard for her to get approved for individual insurance) - ANSWER-Kevin and Nancy are married; Kevin is the primary breadwinner and has a health insurance policy that covers both him and his wife. Nancy has an illness that requires significant medical attention. Kevin and Nancy decide to legally separate, which means that Nancy will no longer be eligible for health insurance coverage under Kevin. Which of the followin...

ENTR Exam 1 With All Questions and Answers 2023 ENTR Exam 1 With All Questions and Answers 2023 If you and your sisters take over your grandfather's store, you are part of a(n) ______. a. intrapreneurship b. benefit entrepreneurship c. startup d. family enterprise - ANSWER d. family enterprise Entrepreneurs inside consist of employees who think and act entrepreneurial within an organization. a. True b. False - ANSWER a. True Which of the following is a characteristic of Dr. Sara...

FL Statutes, Rules, & Regulations (Sect. 2, Pt. 1&2)(in progress) Exam with Complete Solutions | Verified & Updated Chief Financial Officer (a.k.a. the Treasurer) - Answer️️ - - responsible for administering the laws - heads the DFS Primary Responsibilities of the Department of Financial Services - Answer️️ - - issuing licenses (Agents, CSRs, Adjusters) - supervising claims activities of companies - investigate charges of unethical conduct Divisions of DFS - Answer️️ - - un...

In the causal process of thinking - Answer starts with a desired outcome and focuses on a means to generate that outcome Effectuation process - Answer Starts with what one has Questions designed to increase an entrepreneurs' understanding of the nature of the ENVIRONMENT are known as - Answer Comprehension Questions Individuals have stronger intentions to act when taking action is perceived to be _____ and desirable - Answer Feasible The moral support network is different fr...

Insurance Transaction - ANSWER-Solicitation, negotiations, sale, advising an individual concerning coverage or claims negotiation - ANSWER-offer advice/communicate directly with purchaser regarding benefits Sale - ANSWER-effectuation of a contract of insurance Insurance Contract - ANSWER-Agreement between the insured and insurer, where the insurer agrees to indemnify the insured for specific losses in exchange for a premium stock companies - ANSWER-owned by stockholders (can profit) ...

Nebraska State Life and Health Insurance Exam Terms Questions and Answers 100% Pass Adverse Selection - Answer- Insuring of risks more prone to loss than the average Agent/Producer - Answer- legal representative of an insurance company Applicant/Proposed insured - Answer- a person applying for insurance Hazard - Answer- Conditions that increase the probability of a loss Moral - Answer- tendency toward increased risk (driving fast) Morale - Answer- indifference towards risk (not locking th...

BUS 4401 Entrepreneurship 2 Review Quiz 9 (50) Questions and Answers. Question 1 Correct Mark 1.00 out of 1.00 Question text The modern definition of entrepreneurship according to Hoffman must consider the following three components: Select one: a. Entrepreneurs, Entrepreneurial Activity and Entrepreneurship b. Entrepreneurs, Entrepreneurial Background and Entrepreneurship c. Economy, Entrepreneurial Activity and Entrepreneurship d. Entrepreneurs and their activities and business gain...

BUS 4401 Entrepreneurship 2 Review Quiz 9 (50) Questions and Answers. Question 1 Correct Mark 1.00 out of 1.00 Question text The modern definition of entrepreneurship according to Hoffman must consider the following three components: Select one: a. Entrepreneurs, Entrepreneurial Activity and Entrepreneurship b. Entrepreneurs, Entrepreneurial Background and Entrepreneurship c. Economy, Entrepreneurial Activity and Entrepreneurship d. Entrepreneurs and their activities and business gain...

Agent/Producer correct answer: a legal representative of an insurance company; the classification of producer usually includes agents and brokers; agents are the agents of the insurer Applicants (or proposed insured) correct answer: a person applying for insurance Broker correct answer: an insurance producer not appointed by an insurer and is deemed to represent the client Insurance Policy correct answer: a contract between a policyowner (and/or insured) and an insurance company whi...