And Verified Answers
oneiofitheitoolsithatiyouiwouldiuseiinitheiscaniofiyouri
externalienvironmentiisiprofiling.iDiscussitheithreeif
ocusiareasiprofiledi-iCorrectiAnswer-SalientiPoints:
1-iCompetitoriProfiling
2iMarketiProfiling
3-iClientiProfiling.
ExplainiRatification,iUsingiexample-i-
iCorrectiAnswer--
iRetroactiveiapproval;iofibroker'siunauthorizediact.
-
iInsurerihasiaccepteditheibroker'siactiformitheibegin
ningiExample:iBrokeribindsicoverageionilargeihogiBa
rn.iThisiexceedsihisibindingiauthorityibutiinsureriapp
rovesicoverageieffectiveiwhenitheibrokeriboundithisiu
nauthorizediclassiofibusiness,
3iDiscusssitheithreeicomponentsiinvolvediiniplanning
ihumaniresourcesi-iCorrectiAnswer-SalientiPoints:
1i-iEvaluationiofiskillsiofinewiemployee.
2i-iHiringiTimetable.
3i-iContingencyiPlan.
4iWhatiisidelegatingiandiwhatiareitheikeysiofitheieffec
tiveidelegation.i-iCorrectiAnswer-SalientiPoints:
1i-
iArtiofiaccomplishingitasksiwithiinvolvementiofiother
s.
2i-iAuthorityiandiresponsibility.
3i-iCommunication.
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