Exclusive vs independent - Study guides, Class notes & Summaries

Information Management - Answer-Application of management techniques to collect information, communicate it within and outside the organization, and process it to enable managers to make quicker and better decisions Automated Machine Learning for Business - Answer-when implemented properly, makes machine learning accessible to most people because it removes the need for years of experience in data science, math, stats, and computer science skills. Allows for quicker and better decisions Co...

Life & Health Insurance Exam (Answered) With Complete Solution 100% Rated Insurance transfer of risk Speculative risk has a possibility of both loss and gain Pure risk only has a possibility of loss (no gain) Exposure risks for which an insurance company would be liable expressed in units Peril cause of a loss Hazard an increase in the chance of loss Moral hazard arise from people's character (faking a loss) Morale hazard state of mind or careless attitude (accidentally lea...

How do intermediaries create value? - ANSWER Transactional Function: buying/selling/risk taking Logistical Function: storing/assorting (mix of products)/sorting(lots of a single product)/bulk breaking(one large item broken down)/transporting Facilitating: financing/grading/marketing info and research We use intermediaries to: - ANSWER make a product or service available by consumers or industrial use be more efficient: reduce # of contacts allow firms to focus on core competencies reduce...

What is the commerce clause? - ️️Gives Congress the power to regulate commerce with foreign nations and the states A common law doctrine under which judges are obligated to follow the precedents established in prior decisions. Term? - ️️Stare decisis A statute prescribing a period of limitation for the bringing of certain kinds of legal action. Term? - ️️Statute of limitations What is known as the supreme law of the land? - ️️Constitutional law The body of law derived from...

Define Scope of Practice? correct answer: Legal description of the distinction between licensed health care personnel and the lay public and among different licensed health care professionals, creating either exclusive or overlapping domains of practice. Provide an example Key Question differentiating Scope of Practice vs. Standard of Care. correct answer: Scope of Practice: "Are you or were you allowed to do it? Standard of Care: "did you do the right thing? Did you do it properly?" ...

Chapter one: statistics and the scientific method - Answer :) Population - Answer the complete set of individuals, objects, or scores that you are interested in studying sample - Answer a subset of the population variable - Answer any property or characteristic of some event, object, person, that may have different values at different times depending on the conditions Independent variable - Answer controlled by the researcher- it is manipulated dependent variable - Answer the outc...

title vii - correct answer makes it "an unlawful employment practice for an employer ... to discriminate against any individual with respect to his compensation, terms, conditions, or privileges of employment, because of such individual's race, color, religion, sex, or national origin. intermediate - correct answer *[Oncale VS. Sundowner]* - The Fifth Circuit Court affirmed the trial court's deci...

MGT 8803 Financial Management Latest 2023 Rated A Shareholders owners of a corporation; residual claimants Primary Financial Goal of Public Corporation To create economic value for its shareholders Capital Budgeting/Expenditure/Investment Decision process of determining exactly which assets to invest in and how much to invest Future Value = PV x (1+r)^t Present Value amount of money you would need to invest today in order to duplicate some future dollar amount = FV / (1+r)^t Net Present Val...

approaches to manage risk - risk control: loss prevention, loss reduction, duplication, separation, diversification, avoidance risk financing: retention, insurance, transfer risk management process - 1. identify (most important) 2. measure and analyze 3. select the appropriate techniques: avoid, retain, transfer, control 4. implement and monitor agents vs. brokers - agents: someone who legally represents the insurance company and has the authority to act on their behalf - typically can ...

Sections 1. Analytical writing (analysis of an argument)- 30 min. Type essay on keyboard. Scored on a scare of 0-6. 2. Integrated reasoning (multi-source reasoning, table analysis, graphics interpretation, two-part analysis)- 30 min. Get computer calculator. Multiple choice. 12 questions. Take break after. 3. Quantitative (problem solving and data sufficiency)- 75 min. No calculator. Multiple choice. Scored on a scale of 0-60. 37 questions. Take break after. 4. Verbal (reading comprehension,...