Intermediaries - Samenvattingen, Notities en Examens

Chapter 03 Ethics, Social Responsibility, and Sustainability True/False Questions 1. The study of morality and standards of conduct is referred to as ethics. Answer: True Feedback: Ethics is the study of morality and standards of conduct. AACSB: Analytic AACSB: Ethics Bloom's: Remember Learning Objective: 03-01 EXAMINE ethics in international management and some of the major ethical issues and problems confronting MNCs. Level of Difficulty: 1 Easy Topic: Ethics and Social Re...

Insurance companies are typically either direct writers or broker markets : Insurance companies are typically either direct writers, which use no intermediaries to distribute their products but rather sell directly to the public, or they are broker markets, which use intermediaries (that is, brokers) in the transaction between the insurer and the insured. different types of agents : company employed: working at dgig on a salary basis for ex/ call centre independant agent: ex : desjard...

DECA ENTREPRENEURSHIP EXAM STUDY GUIDE, QUESTIONS WITH CORRECT R ANSWERS LATEST 2023 GRADED A+. Fledging - A business that is struggling or in the early stages Assets - Anything that creates value to an entity Liability - Anything that takes value away from an entity Outsourcing - obtain (goods or a service) from an outside or foreign supplier, especially in place of an internal source. Business Incubator - local programs designed to provide low-cost shared business facilities to small st...

Mutually owned co-operative financial institutions offering benefits to members through a trust-like structure" describes which type of Insurer/Fund Manager? - Answer- Friendly Society Which is the decision-making process of framing? - Answer- To remove the 'noise' from an issue to allow us to see the problem for what it is Under the RG271 what is the maximum timeframes for IDR response for a Superannuation trustee complaints? - Answer- 45 days after receiving the complaint In the se...

LIBF-Unit 4 Questions And Answers With Complete Solutions 2023 Competition and markets authority The body responsible for strengthening business competition and preventing and reducing anti-competitive activities. Counterparties People and organization (eg companies) who lend money to and borrow from financial intermediaries (ie financial institutions such as banks) Divestment The process of selling off parts of a company to make it smaller, eg the Lloyds sell-off that created new TSB bra...

1. What are the 3 CATEGORIES of AGENT, and what are the distinctions between those categories : 1. company employed agent, - works directly for insurer as staff. - paid salary with possible bonus or commission, or blend of compensation. - insurer owns client expiration list.` 2. Independent Agent - entrepreneur, maintains separate office from insurer, pays for own expense. - paid by commission or by a combination base salary and commission. - contract negotiated between agent and insur...

Business Essentials Final Exam Study Guide Questions & Answers 2023/2024 break-even point - ANSWER-the point at which total revenues, or sales, equal total costs and expenses of developing and offering a product or service market segmentation - ANSWER-the division of a market for a product into groups of customers who have the same needs and traits channel of distribution - ANSWER-a pathway to direct products to consumers promotion - ANSWER-any effort to inform, persuade, or remind p...

Financial Intermediaries correct answers Entity that obtains money from one source and redirects it to another EX: Banks Importance to Economy correct answers Financial Intermediaries Premium Half of all property-casualty premiums Importance to Society correct answers Allows society to plan and assume responsibility with certainty Importance to Customers correct answers Claim payments Provides stability and financial security Customers Buy insurance for all of the following reaso...

Insurance companies are typically either direct writers or broker markets : Insurance companies are typically either direct writers, which use no intermediaries to distribute their products but rather sell directly to the public, or they are broker markets, which use intermediaries (that is, brokers) in the transaction between the insurer and the insured. different types of agents : company employed: working at dgig on a salary basis for ex/ call centre independant agent: ex : desjard...

Commercial Banks and other Financial Intermediaries Part 1 Questions and Answers 2023 A financial market can be categorized as either a ________ market or a financial intermediaries market. Securities. A securities market is one where agents trade debt and equity claims of the final borrowers. So, shares of Microsoft are bought and sold in securities markets. The market for savings deposits of commercial banks is an example of the financial ___________ market. Intermediaries. Commercia...