You have recently been appointed Sales Manager in a company selling cars and are heading a sales team comprising of five salespersons, each of whom has a specific sales target. Except for one salesperson named Tony, all salespersons are meeting or exceeding their respective targets. The market is expanding, demand for cars is high sales could be increased even more but there is shortage of car production leading to low inventories. Profits can also be increased further by revising costs, increasing margins, and providing service facilities to maintain cars. Tony has recently migrated to Canada. He is facing problems in meeting his expenses, finding accommodation for himself and his family, getting accustomed to the local culture, food, living habits, weather, etc. His wife had contracted Covid on arrival and is now recovering slowly. In this new Canadian environment, Tony feels lonely and isolated, not having friends, has a feeling of failure and low self esteem also as he is unable to meet his sales targets. Although Tony has been very successful before migration to Canada in another country and is highly qualified having diplomas in both Automobile Technology as well as Business, along with 11 years experience, he is quite demotivated because of the above issues. Further, his past experience and skills are not directly related to sales but are more related to market analysis and research, doing costing and determining prices of cars, managing inventory and maintaining cars Unfortunately, he has found that his pay, incentives and rewards are considerably less than his other sales colleagues who also seem to work together well as a team, while Tony has still not become an acceptable and effective team member As a manager leading your team, 1) How will you apply Maslows Hierarchy of Needs and the Expectancy Theory to resolve Tony's issues. 2) How can you redesign Tony's job so that his skills, tasks and past experience are fully utilized? Can you consider alternative work arrangements for Tony considering his current situation? 3) What measures will you take to improve your Sales team's composition processes and effectiveness? How will you redefine Tony's role so that instead of performing as an individual, he participates more and becomes an active and motivated team member? Format:
Answers
1) Applying Maslow's Hierarchy of Needs and the Expectancy Theory to resolve Tony's issues involves addressing his basic needs, such as financial stability and accommodation, while setting realistic sales targets and providing support and training to boost his motivation.
2) Redesigning Tony's job can fully utilize his skills by assigning him as a market analyst, leveraging his expertise in market analysis, research, pricing, inventory management, and car maintenance. Alternative work arrangements like flextime or remote work can also be considered.
3) To improve the Sales team's composition and effectiveness, fostering a collaborative team culture, implementing performance recognition programs, and redefining Tony's role to include team-oriented tasks can enhance engagement and overall performance.
1) Applying Maslow's Hierarchy of Needs and the Expectancy Theory to resolve Tony's issues:
To address Tony's challenges and improve his motivation, it is important to consider Maslow's Hierarchy of Needs and the Expectancy Theory. Firstly, understanding his basic needs, such as financial stability and accommodation for his family, is crucial. The company can explore options to provide additional support, such as financial assistance or resources for finding suitable accommodation. By addressing these basic needs, Tony's concerns can be alleviated, enabling him to focus on his work.
Secondly, leveraging the Expectancy Theory, the company can work with Tony to set realistic sales targets, considering the current market conditions and car production shortages. By ensuring that Tony believes his efforts will lead to achievable outcomes and rewards, his motivation can be restored. Providing him with training and support to adapt to the new Canadian environment and enhance his sales skills can also boost his confidence and performance.
2) Redesigning Tony's job to utilize his skills and experience:
Considering Tony's background in market analysis, research, costing, pricing, inventory management, and car maintenance, it is possible to redesign his job to fully leverage his skills. One approach could be to assign Tony as a market analyst, where he can use his expertise to analyze market trends, customer preferences, and competitive landscape to inform sales strategies and pricing decisions. Additionally, he could contribute to inventory management and service facility development to enhance customer satisfaction and retention.
Alternative work arrangements could also be explored, such as flextime or remote work, to accommodate Tony's current situation and help him manage personal challenges while fulfilling his job responsibilities effectively. Providing him with a supportive and inclusive work environment, where he feels valued and encouraged to contribute, can help him regain confidence and motivation.
3) Improving Sales team composition, processes, and effectiveness:
To improve the overall effectiveness of the Sales team and redefine Tony's role as an active and motivated team member, several measures can be taken. Firstly, fostering a collaborative team culture through team-building activities and regular communication can promote a sense of belonging and encourage teamwork. Implementing a performance recognition program that emphasizes both individual and team achievements can motivate all salespersons, including Tony, to work together towards common goals.
Realigning Tony's role to include team-oriented tasks, such as collaborating with other salespersons on market research or participating in cross-functional projects, can increase his involvement and engagement within the team. Providing ongoing training and professional development opportunities tailored to Tony's needs and interests can also enhance his skills and broaden his understanding of the sales function.
By addressing Tony's challenges, leveraging his skills, and fostering an inclusive team environment, the Sales team's composition, processes, and effectiveness can be improved, leading to enhanced overall performance and individual job satisfaction.
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Related Questions
which of the following statements describes a benefit that marketing offers? a. it gets customers the best deals. b. it results in lower prices for customers. c. it enhances consumer awareness. d. it offers heightened job security. e. it eliminates cultural barriers.
Answers
Described in the sentences that follow is a benefit that marketing provides. The option b. it results in lower prices for customers.
What is marketing offers?
A marketing offer is any free product, service, or content given to a website visitor in exchange for them performing a specific action, like filling out a form. Tapping into what your audience deems valuable enough to share their information for will require a bit of planning to ensure they are effective. A marketing offering is a product or service that a company provides to customers to meet their needs. An offering encompasses more than the single product or service. It includes the extra value that a business adds to their products, such as convenience, quality and support.
The three major components of an offering, product, price and service, are discussed in terms of the product-dominant and service-dominant approaches. The difference between product platforms and product lines is also covered.
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Described in the sentences that follow is a benefit that marketing provides. The option b. Customers benefit from lower prices as a result.
What is marketing offers?Any free item, service, or piece of content offered to a website visitor in return for them taking a particular action, like completing a form, is referred to as a marketing offer. Planning is necessary to ensure that your efforts to tap into the things that your audience finds valuable enough to share their information for are successful. An item or service that a business offers to clients in order to satisfy their needs is known as a marketing offering. An offering includes more than just one good or service. It includes the added benefits that a company provides for its customers, such as convenience, quality, and support.
In terms of the product-dominant and service-dominant approaches, the three key elements of an offering—product, price, and service—are discussed. In addition, the distinction between product platforms and product lines is covered.
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10. According to the inventory life cycle,
after a retailer receives products, the next
step is
• A. to display products.
• B. that the retailer prices products.
• C. inventory is purchased.
• D. that the customer shops the store.
B
Answers
Answer:
B. that the retailer prices products.
Explanation:
In the inventory life cycle, after a retailer receives products, the usual next step is to display the products, arranging them properly for customer viewing and ensuring they have accurate price tags.
Explanation:According to the inventory life cycle in the retail business, after a retailer receives products, the next step is usually to display products (Option A). This is because once products are received, the goal is to prepare them for sale to customers as quickly as possible. Proper product display includes arranging goods attractively, often following visual merchandising principles, and making sure all items have accurate price tags so customers can make informed purchasing decisions. Following product display, customers can then shop the store (Option D).
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Plz, Help quickly. In accordance with the seven core elements of an effective occupational safety and health program, what should management do to support the program effectively?
Select the 4 answer options that apply.
Communicate their commitment to the programs through a written statement.
Establish realistic, attainable, and measurable goals.
Encourage employee participation by publicly punishing those who do not participate.
Only allow senior management level employees to be involved with the program evaluation, to avoid conflict.
Allocate resources to the program by integrating it into the budget and time planning.
Establish a process to report any safety and health concerns.
Answers
Answer:
Communicate their commitment to the programs through a written statement.
Establish realistic, attainable, and measurable goals.
Allocate resources to the program by integrating it into the budget and time planning.
Establish a process to report any safety and health concerns.
Explanation:
In accordance with the seven core elements of an effective occupational safety and health program, management should follow the following to support the program effectively:
Communicate their commitment to the programs through a written statement.
Establish realistic, attainable, and measurable goals.
Allocate resources to the program by integrating it into the budget and time planning.
Establish a process to report any safety and health concerns.
A credit union
Question 3 options:
is larger than most banks
promotes good spending habits among its members
will allow anyone to join
provides financial service at a higher cost than a bank
Answers
Answer: A credit union promotes good spending habits among its members.
According to the video, what tasks do Librarians perform? Check all that apply.
A. supervising staff
B. writing stories
C. coordinating storytelling sessions
D. speaking at public events
E. dealing with angry customers
F. classifying materials
Answers
Answer: C and F
Explanation:
Answer:
Its I believe a,c, and f
Explanation:
your welcome
Explain the relationship between deductibles and premiums
Explain the roles of insurance on having a strategic and strong financial plan.
Answers
Answer:
join bmt-cnup-egu on meet
.
.
.
Which best describes the types of indicators that the HDI measures?
O economic and industrial indicators
O infrastructure and social indicators
O social and economic indicators
O stability and social indicators
Answers
Answer:
O social and economic indicators
Explanation:
The Human Development Index (HDI) is a statistic used to measure a country's achievements in different aspects of its social and economic welfare. The united nations developed HDI to evaluate different dimensions of human development in a country. Dimensions of human development refer to people's health, educational level, and standards of living.
The HDI makes comparisons between countries by analyzing components such as average annual income and educational achievements.
Social and economic indicators is best describes the types of indicators that the HDI measures. The HDI analyzes factors such as average annual income and educational achievements to directly compare between countries.
What is HDI ?The Human Development Index is a metric that assesses a country's progress in various areas of social and economic development.
HDI was created by the United Nations to assess many aspects of a country's human development. Human development dimensions include people's health, educational attainment, and living conditions.
Thus, option C is correct.
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For Tesla, the Model S represents a
(BCG) market growth/market share matrix.
on the Boston Consulting Group
Answers
The answer is "star" and its further explanation can be defined as follows:
The Tesla Model S is pleasant during the day, but fitness and finish are something to want. When heading for just a quick ring all-around city or heading off to the other side, Model S 2020 is full of space and luxury. It is a quality rating of 7 out of 10.The Tesla Model S is the top U.S. car with an overall score of 70 in the ultra-luxury car category. The top-range model S is 373 miles long and has one of today's largest ranges. For Tesla, Model S is a star in the growth/market share matrix of the Boston Consulting Group. The hunting for a high-quality premium car, Tesla Model S.Its overall design is maybe 10-years old, but the type S still sets a baseline for all EVs, and it has an unmatched driving range. The Model S is rather costly at $80,000 on the other hand.That's why the correct answer is "star".
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23
Page:
Find the s.p of a shirt whose MP is Rs
2700 when 13% VAT is levied ?
.
Answers
Answer:
RS3051
Explanation:
the tax is going to be 113% since u add 100% because the s.p is going to rise
2700×113/100=3051
Goods that are considered to be needs tend to be elastic when the price changes. inelastic when the price changes. elastic when the supply changes. inelastic when the supply changes.
Answers
Answer:
B: Inelastic when the price changes.
Explanation:
Goods that are essential in daily life have lower elasticity needs like gas, water, oil and electricity.
Elastic demands are the requirements when the large price shift affects the demand of the product. While in inelastic the price change affects in a very small manner to the demand.
The correct answer is:
Option B: Inelastic when the price changes.
This can be explained as:
In an economy, when the goods and commodities are in static relation then it is called inelastic.The increase in the price of the product does not affect the customers purchasing habits in an inelastic system.Therefore, goods that are considered to be requirements tend to be inelastic when the cost varies.
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How are mortgage interest, taxes, insurance, and other similar expenses prorated?
Answers
The Mortgage interest, taxes, insurance, and other similar expenses are prorated through the merchant normally pays the costs upon the arrival of shutting.
These are generally tweaked considering 365 days schedule year for example (30 days x a year or 1 year). The buyer regularly pays the expenses upon the appearance of closing and can't be distributed. They ought to be paid in front of on time.
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I need help bruh. Prereading activities include A. concept mapping B. discussion C. Questioning D. all of these
Answers
Explanation
Answer:
D
All of these
Explanation:
The concession stand at the local high school sells pretzels and lemonade. The total cost of two pretzels and a lemonade is $5. 75. The total cost of two lemonades is $0. 25 more than the cost of a pretzel. What is the cost of a pretzel? $1. 25 $2. 00 $2. 25 $2. 75.
Answers
The cost of a pretzel at the local high school concession stand is $2.25.
The cost of a pretzel at the local high school concession stand can be determined using the given information. The total cost of two pretzels and lemonade is $5.75, while the total cost of two lemonades is $0.25 more than the cost of a pretzel. By solving the equations, it is possible to find the cost of a pretzel.
Let's assume the cost of a pretzel is x dollars. According to the given information, the total cost of two pretzels and lemonade is $5.75. This can be represented as 2x + 1.25 = 5.75 (since the total cost of two lemonades is $0.25 more than the cost of a pretzel). Simplifying the equation, we get 2x = 5.75 - 1.25, which is equal to 4.50. Dividing both sides of the equation by 2, we find that x, the cost of a pretzel, is 2.25.
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URGET HELP!! 15 POINTS REWARDED. ONLY 3 QUESTIONS.
Hi, I need urgent help. I have something due today and I need the answer ASAP!!!!!
Please answer the below questions correctly in the format of a general journal (What is debited and what is credited).
1. On February 1, 2015, Samson Design writes off $2,500 of its accounts receivable as bad debts.
a. Using the direct write-off method, record this transaction.
b. Which GAAP is (are) violated when the direct write-off method is used? Explain your answer.
2. In 2015, Decorators Unlimited had net credit sales totaling $1,200,000. Based on past years, 2.5% of credit sales are estimated to be uncollectible. The balance in the Allowance for Doubtful Accounts account is $12,000.
a. Record the journal entry to adjust for the estimated bad debts on December 31, 2015 assuming Decorators uses the income statement method.
b. On February 1, 2016, the account receivable for B. Stinson of $3,000 is deemed uncollectible. Record the journal entry to write off this account.
c. On July 15, 2016, Decorators Unlimited receives a cheque for $3,000 in full payment from B. Stinson for the account previously written off on Feb 1. Record both the recovery and the payment.
3. The Chowdhury Landscaping Company uses the balance sheet method to determine bad debts. The ageing schedule at December 31, 2015 is (The chart made below):
--------------------------------------------------------------------------------------------------------
| | Number of Days Outstanding | Total |
--------------------------------------------------------------------------------------------------------
| | 0-30 | 31-60 | 61-90 | 90 - 120 | > 120 | Total??? [answer this] |
-------------------------------------------------------------------------------------------------------
Accounts recievable | 2,000 | 5,000 | 6,000 | 2,500 | 6,000 | Total: 39,500 |
---------------------------------------------------------------------------------------------------------
Estimated % Uncollectible | 2% | 3% | 6% | 12% | 25% | Total??? [answer this]
-------------------------------------------------------------------------------------------------------
Estimated Bad Debts | ??? [answer this] | ??? [answer this] | ??? [answer this] | ??? [answer this] | ??? [answer this] | Total??? [answer this]
--------------------------------------------------------------------------------------------------------
a. Calculate the total estimated bad debts from the table above.
b. If the balance in the Allowance for Doubtful Accounts account is $2,000, record the journal entry to adjust for the bad debts at December 31, 2015 from the table above.
[ PLEASE LOOK at the above table with ??? to solve for this question]
THANK YOU SO MUCH!!!
Answers
1a. Bad Debt Expense 2,500
Accounts Receivable 2,500
1b. The GAAP violated when the direct write-off method is used is the matching principle.
2 Bad Debt Expense 30,000
Allowance for Doubtful Accounts 30,000
2c. Cash 3,000
Allowance for Doubtful Accounts 3,000
Accounts Receivable 3,000
3a. Total estimated bad debts = $2,350
3b. Allowance for Doubtful Accounts 350
Bad Debt Expense 350
The matching principle requires that expenses be recognized in the same period as the revenue they helped to generate. With the direct write-off method, bad debt expenses are recognized only when specific accounts are determined to be uncollectible, which may be in a different period from the revenue that the accounts originally generated.
2b. Allowance for Doubtful Accounts 3,000
Accounts Receivable 3,000
3a. Estimated Bad Debts:
0-30: $2,000 × 2% = $40
31-60: $5,000 × 3% = $150
61-90: $6,000 × 6% = $360
90-120: $2,500 × 12% = $300
>120: $6,000 × 25% = $1,500
Total estimated bad debts = $2,350
[($2,350 - $2,000) = $350 increase in allowance]
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what is the difference between simple interest and compound interest why do you end up with more money with compound interest
Answers
The difference between simple interest and compound interest lies in how the interest is calculated and added to the principal amount.
Simple interest is calculated only on the principal amount of money borrowed or invested. It means that the interest is not added to the principal amount. On the other hand, compound interest is calculated on both the principal amount and the accumulated interest. This means that the interest earned on the investment is added to the principal amount, and the new total amount earns interest. The main reason why you end up with more money with compound interest is that the interest earned is reinvested back into the investment, and over time, it increases the overall value of the investment.
For example, let's say you invest $1000 at a 10% simple interest rate for 5 years. At the end of five years, you will earn $500 in interest, and your total amount will be $1500. However, if you invest the same $1000 at a 10% compound interest rate for five years, your total amount will be $1610.51 at the end of five years.
In conclusion, compound interest is more advantageous because it allows for more significant returns over time due to the reinvestment of the earned interest.
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How does GUCCI use the seven principles of supply chain
management for mass customization?
Answers
Gucci, as a luxury fashion brand, has implemented supply chain management principles to enable mass customization, which refers to the ability to produce customized products on a large scale. Here's how Gucci utilizes the seven principles of supply chain management for mass customization:
1. Segmentation: Gucci segments its customer base and identifies different customer preferences and demands. This helps them understand the specific customization options that would appeal to different customer segments.
2. Decentralization: Gucci has decentralized its production and distribution processes to accommodate customization. They have regional production centers or local manufacturing facilities that can respond quickly to customization requests, reducing lead times and improving responsiveness.
3. Postponement: Gucci applies the postponement strategy by delaying the final customization steps until customer preferences are known. They keep the base products standardized and make the necessary alterations or additions based on customer orders.
4. Standardization: Gucci establishes standardized platforms or components that serve as the foundation for customization. By having common components, they can efficiently manage and control the customization process without creating unnecessary complexity in the supply
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Can people boost their points on their questions?
Answers
Answer:
Yes.
Explanation:
Previous
4
Next
Lifelong Learning: Mastery Test
4
Select the correct answer.
Why do many organizations encourage their employees to be lifelong learners?
O A employees will be more able to handle increasing responsibilities
OB. employees will be more likely to follow company policies
OC employees will be more likely to remain loyal to the company
OD. employees will be more likely to interact well with each other
Reset
Next
Answers
Answer: A. employees will be more able to handle increasing responsibilities.
Explanation:
Lifelong learning refers to the ongoing pursuit of knowledge for personal or professional reasons. When a person is a lifelong learner, such person has a growth mindset and pushes himself or herself to find new ideas to solve challenges.
Several organizations encourage their employees to be lifelong learners in order for such employees to be able to handle increasing responsibilities. Some organizations send their employees to study some courses which will help in their growth and development and also to be able to handle certain responsibilities.
two key domains of human resources management are workforce planning/recruitment and employee retention. describe several human resources functions that fall under each and describe their importance to human resources management.
Answers
Two key domains of human resources management are workforce planning/recruitment and employee retention their importance to human resources management. This statement is False.
The recruitment and hiring of staff is not the exclusive responsibility of human resource management.Employee interactions, performance management, salary and benefits, training and development, and ensuring compliance with employment laws and regulations are additional crucial duties. The assertion is untrue. Even though finding and hiring employees is a crucial part of human resource management, it is not the only one. Administration of compensation and benefits, employee development, performance management, and legal compliance are other duties that fall under the umbrella of human resource management.
Complete question:
two key domains of human resources management are workforce planning/recruitment and employee retention. describe several human resources functions that fall under each and describe their importance to human resources management. True or false?
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What is one way a person can increase the wages he or she expects to
earn?
O A. By advocating against minimum wage regulations
B. By deciding not to get a high level of education
C. By choosing a job with a high market value
O D. By reducing overall productivity in a year
Answers
Answer:
C. By choosing a job with a high market value
Explanation:
Wage is the price for labor services provided. Like any other commodity, the price of labor is influenced by demand and supply. Certain jobs offer better wages than others. To increase the chances of better pay, one has to select their job carefully.
Conducting market research about jobs is a good starting point. Before negotiating for wages, one should know the market rates for that job. Again, one should acquire skills that employers require. There are high chances that an employer will pay wages above market rates if they find a skill they desperately need.
The __________ makes it a crime for a seller to sell at lower prices in one geographic area than elsewhere in the United States to eliminate competition or a competitor. Multiple Choice Federal Trade Commission Act Wheeler-Lea amendment Gramm-Rudman-Hollings Act Robinson-Patman amendment Free Exercise Act
Answers
The (D) Robinson-Patman act makes it a crime for a seller to sell at lower prices in one geographic area than elsewhere in the United States to eliminate competition or a competitor.
What is the Robinson-Patman act?The Robinson-Patman Act is a federal statute that was created in 1936 to make pricing discrimination illegal. The Robinson-Patman Act amends the Clayton Antitrust Act of 1914 in order to prohibit "unfair" competition.The Robinson-Patman Act is a federal statute that prohibits pricing discrimination.The law prohibits wholesalers from charging varying pricing to different merchants.The act only applies to interstate commerce and includes an exemption for "cooperative associations."Economists and legal scholars have strongly opposed the measure on a variety of grounds.Therefore, the (D) Robinson-Patman act makes it a crime for a seller to sell at lower prices in one geographic area than elsewhere in the United States to eliminate competition or a competitor.
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Complete question:
The __________ makes it a crime for a seller to sell at lower prices in one geographic area than elsewhere in the United States to eliminate competition or a competitor.
Multiple Choice
(A) Federal Trade Commission Act
(B) Wheeler-Lea amendment
(C) Gramm-Rudman-Hollings Act
(D) Robinson-Patman act
(E) Free Exercise Act
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Answers
Answer:
Hellllllllllllllllllllllllllllllllllllo
Explanation:
What is it called when businesses are doing poorly and stock prices drop?
Answers
Answer:
When a stock price falls, that means the company must sell additional shares of stock to raise the same amount of proceeds
Explanation:
To be part of the supply for a good, a producer must be?
Answers
Answer:
produce good and healthy food.
no harmful chemical should be added.
using organic materials.
serious about other help.
______ economies must forgo some of one good to gain more of another, whereas ______ economies are able to increase production of both goods.
Answers
It should be noted that Static economies must forgo some of one good to gain more of another.
Also dynamic economies are able to increase production of both goods.
What is static economy?Static economy can be regarded as an economy that gain profit on the expense of other goods .
However, the dynamic economy, focus in all the goods in making profit, hence, increase production of both goods.
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Islanders are getting tired of fish and are looking for alternatives to provide protein to their diet. Elizabeth and Matty decide to work together to build traps to catch the wild pig that are on the island.
Create a simple supply and demand curve that would show the shift in demand
Answers
As there was a decrease in demand for fish among the islanders, Elizabeth and Matty decide to work together to build traps to catch the wild pig that are on the island. Hence the demand curve of fish declined and the supply curve of pigs will rise.
How do supply and demand curves work?The demand curve illustrates how much of a certain good or service customers will be able and willing to purchase at each price over a specific period of time. The supply curve shows how much inventory retailers plan to put up for sale at various prices at the same time. Supply and demand serve as a microeconomic model for determining pricing in a market.
Supply and demand serve as a microeconomic model for determining pricing in a market. The demand curve for products and services can change depending on a number of factors, including changes in population, income, the cost of complementary or substitutive goods, and expectations for future conditions and prices. As a result, a different amount may be demanded at a particular price.
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Video game designers can do visual design or programming.
A.
True
B.
False
Answers
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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The bank pays you _______________ for your money held on deposit. a) investment b) attention c) debit d) interest
Answers
Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?
Answers
All of the following, with the exception of conditions, are required.
Describe insurance.One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.
An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.
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