Effectuation - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Effectuation? On this page you'll find 135 study documents about Effectuation.
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Test Bank For Entrepreneurship: The Practice and Mindset 1st Edition by Heidi M. Neck Christopher P. Neck ,Emma L. Murray
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Test Bank For Entrepreneurship: The Practice and 
Mindset 1st Edition by Heidi M. Neck Christopher P. 
Neck ,Emma L. Murray 
Chapter 1: Entrepreneurship: A Global Social MovementTest Bank 
Multiple Choice 
1. The authors define entrepreneurship as . 
a. a discipline that seeks to understand how opportunities are discovered, created, and 
exploited, by whom, and with what consequences 
b. starting a small business by finding investors and launching a product 
c. developing a new market by crea...
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Samenvatting/Summary - Entrepreneurship (B3MIN1015)
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Unlock the secrets of entrepreneurship with this comprehensive summary of Effectuation, BHAG, Customer Discovery, Validation, and Value Proposition Design. Dive into startup strategy, learn the difference between causal and effective approaches, and learn how to turn ideas into successful companies. 
 
**Effectuation**: Embrace uncertainty, utilize resources, and focus on control. Explore five principles: Bird in the Hand, Crazy Quilt, Affordable Loss, Lemonade, and Pilot on the Plane. 
 
**BHAG...
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Exam Fx Life and Health Tip Sheet Questions With Complete Solutions
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Perils correct answer: the cause of loss 
 
Policy Owner correct answer: the person who has the rights and privileges in the policy 
 
Risk correct answer: Uncertainty or chance of loss 
-Pure Risk(Insurable) 
-Speculative(Uninsurable) 
 
Insured correct answer: the person covered by the insurance policy 
 
insurer correct answer: a company that issues an insurance policy 
 
Law of large numbers correct answer: the larger the number of people with the same exposure to loss, the more predic...
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Nebraska State Life and Health Insurance Exam Terms 100% Correct
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Nebraska State Life and Health 
Insurance Exam Terms 100% Correct 
 
Adverse Selection Insuring of risks more prone to loss than the average 
 
Agent/Producer legal representative of an insurance company 
 
Applicant/Proposed insured a person applying for insurance 
 
Hazard Conditions that increase the probability of a loss 
 
Moral tendency toward increased risk (driving fast) 
 
Morale indifference towards risk (not locking the door) 
 
Indemnity restoring the insured to the condition that ex...
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Life and Health Exam Questions and Answers 100% Solved
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Life and Health Exam Questions and 
Answers 100% Solved 
Chapter 1: Completing the application, underwriting, and delivering the policy: ️️ 
What is insurance? ️️Insurance TRANSFERS the risk of loss from an individual or business 
entity to an insurance company, which in turn spreads the costs of unexpected losses to many 
individuals.If there were no insurance mechanism, the cost of a loss would have to be borne 
solely by the individual who suffered the loss. 
What is included unde...
Too much month left at the end of the money?
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Insurance Regulation Top Forecasted Exam Questions And CORRECT Answers
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LICENSING the term insurance transaction includes any of the following (by mail or 
any other means): 
*solicitation or inducement 
*negotiations 
*effectuation of a contract of insurance 
*advising an individual concerning coverage or claims 
INDIVIDUAL PRODUCERS producers are individuals or business entities that are 
licensed to sell, solicit, or negotiate insurance. from a legal standpoint, producers represent 
their respective insurance companies, not their customers.
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Study Guide for OHIO Life Insurance Exam 2024 Final Q&A
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Study Guide for OHIO Life Insurance 
Exam 2024 Final Q&A 
Insurance: - CORRECT ANSWER-A contract in which the insurance company agrees to 
indemnify the insured party against loss, damage or liability arising from an unknown 
event. 
Insurance Transfers: - CORRECT ANSWER-The risk of loss from an individual or 
business entity to an insurance company, which in turn spreads costs of unexpected 
losses to many individuals. 
Direct response marketing: - CORRECT ANSWER-A direct response marketin...
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OHIO Life Insurance Exam Correct 100%
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Insurance: - ANSWER A contract in which the insurance company agrees to indemnify the insured party against loss, damage or liability arising from an unknown event. 
 
Insurance Transfers: - ANSWER The risk of loss from an individual or business entity to an insurance company, which in turn spreads costs of unexpected losses to many individuals. 
 
Direct response marketing: - ANSWER A direct response marketing system effectively bypasses the insurance agent. Business is conducted over the phone...
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Nebraska State Life and Health Insurance Exam Terms
- Exam (elaborations) • 25 pages • 2023
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Adverse Selection correct answer: Insuring of risks more prone to loss than the average 
 
Agent/Producer correct answer: legal representative of an insurance company 
 
Applicant/Proposed insured correct answer: a person applying for insurance 
 
Hazard correct answer: Conditions that increase the probability of a loss 
 
Moral correct answer: tendency toward increased risk (driving fast) 
 
Morale correct answer: indifference towards risk (not locking the door) 
 
Indemnity correct answe...
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Oregon Life and Health exam questions and answers 2024
- Exam (elaborations) • 73 pages • 2024
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adverse selection - answer-insuring of risks more prone to loss than average risk 
 
agent/producer - answer-a 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; can be physical, moral, or morale; for example leaving matches in front of a child 
 
morale hazard - answer-indifference to loss 
 
moral hazard - answer-tendency toward increased risk 
 
physical haza...
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Adjusters license Exam Latest Update 2024 | Questions with 100% Correct correct answers
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An adjuster shall exercise _____ care when dealing with elderly clients - Extraordinary 
The cost of mediation is paid -Equally by both parties 
The settlement of a claim arising out of a contract of insurance is also known as -Transacting 
insurance 
An authorized insurer means one duty authorized by a -Certificate of authority 
Solicitation negotiation and effectuation of a contract of insurance are best described as - 
Transacting insurance
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SMO 310 - Module 2 || A+ Verified Solutions.
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Entrepreneurship correct answers is activism in disguise 
 
SME Revenue correct answers Small medium enterprises 
- addressing local markets 
- low level innovation 
- non tradable jobs (restaurant, dry cleaners) 
-Linear growth 
 
IDE Revenue correct answers Innovation driven enterprises 
- addressing global markets 
- high level innovation 
- tradable jobs 
- hockey stick growth (exponential): company's start by losing a lot of money 
 
Types of entrepreneurship correct answers - Small/me...
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