Monopoly period Samenvattingen, Notities en Examens

Which of the following is NOT true about social insurances? A Participation Is mandatory and automatic for all elipible citizens B Social insurance provides equal benefits to all citizens that contribute C The government, as an insurance provider, has a clear and strong monopoly D Benefits are prescribed by law any changes to the benefit structure and provisions are made by changes in the law - B Social insurance provides equal benefits to all citizens that contribute Which of the followin...

acting without a license ( producer regulation) - a person may not sell solicit or negotiate insurance in the state of Michigan for any line of insurance unless licensed for that qualifications; exceptions include administrative employees working for an agent a home office employee ect adverse selection(methods of handling risk) - the tendancy of less than average risks to purchase or cont to be covered by insurance resulting increased claims and reduced profitability agent - solicit insura...

AFE Ch. 1 Life and Health Insurance Fundamentals Latest Update Graded A+ The first cultural manifestation of wealth production of grains by incipient agrarian societies in amounts exceeding requirements of current consumption and the emergence of the stockpile The innate drive to reduce risk motivated the earliest formations of clans, tribes and other groups The physical and economic security formerly provided by the tribe or extended family diminishes with industrialization Inco...

Unfair Discrimination - ANSWER-Permitting individuals of the same class and equal life expectancy to be charged different rates for life insurance or annuities. Boycott, Coercion, Intimidation - ANSWER-Entering into action resulting in an unreasonable restraint of, or monopoly in, the business of insurance. False Financial Statements - ANSWER-Making any false or misleading statements about the dividends or share of surplus previously paid on any insurance policy. Churning of Business - ...

GDP - Total market value for all goods and services produced within a nation's borders in a given time period. Per Capita GDP - Nation's total output divided by its total population. Economic Growth - Increase in output (real GDP); expansion of production possibilities. Price Stability - How stable prices are. Mix of Output - Always include both goods and services. Changing Mix of Output - Used to be all goods less services. Now its all services and less goods. Factors of Production - R...

Factors of production correct answers Labour, capital, entrepreneurs, natural resources & information Command economy correct answers Relies on centralized get to control all or most factors of production Market economy correct answers Individuals- producers and consumers- make decisions about production and allocation through supply and demand Two most basic types of command economies correct answers Communism & socialism Input market correct answers Firms buy resources from househo...

Arkansas Life Insurance Training Questions & Answers 1Twisting - ANSWER Misrepresenting for the purpose of inducing or tending to induce the lapse, forfeiture, exchange, conversion, or surrender of any insurance policy. Unfair Discrimination - ANSWER Permitting individuals of the same class and equal life expectancy to be charged different rates for life insurance or annuities. Boycott, Coercion, Intimidation - ANSWER Entering into action resulting in an unreasonable restraint of, or monop...

MKT-315 GCU MIDTERMCREST method - correct answer C: "Calm the Customer" R: "Repeat the Problem" E: Use "Empathy Statements" S: "Solve the Problem" T: Make a "Timely Response" - Good customer service increases customer loyalty and future sales. Maslow's Hierarchy of Needs - correct answer physiological, safety, love/belonging, esteem, self-actualization Types of Purchases - correct answer new task, straight rebuy, modified rebuy New task/buy - correct answer Purchases...

CPCM Management 1 Exam Questions with Answers Financial analysis - Answer-An assessment of the viability, stability, and profitability of a business Gross profit - Answer-Subtotal of total revenue made during an accounting period, minus any returns or discounts and the costs of goods sold, before deducting operating expenses Income statement - Answer-A report that shows how much revenue a company earned over a specific time period, and the costs and expenses associated with earning that r...

FMS 300 ALL Module Quizes Arizona State University Question and answers verified to passMuriel Andrin argues that the device of __ can be found in the exaggerated size, unusual use, and visual overloading of everyday objects in the world of slapstick comedy - correct answer hyperbole Who is credited with inventing the radio - correct answer Guglielmo Marconi Which of the following in the official name of the Edison Trust - correct answer Motion Pictures Patent Company In the film ...