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Gala2k [10]
2 years ago
3

Underwriters try to have a proper balance within each risk classification. Much of personal lines underwriting today involves al

l exposures units with similar loss-producing characteristics being placed in the same category and charged the same rate. This type of underwriting is known as:
a. Class underwriting
b. Merit underwriting
c. Field underwriting
d. Line underwriting
Business
2 answers:
alukav5142 [94]2 years ago
6 0

Answer:

A. Class underwriting

Explanation:

Underwriting can be defined as a process through which an individual or business institution takes on fimancial risk for a fee.

Class underwriter refers to the individual responsible for underwriting a given class of business within the syndicate structure.

Underwriting class refers to a way of grouping people into different risk groups so that people in a preferred rate class may pay a lower premium than people in a standard class for the same amount of coverage.

Class underwriting is a type of underwriting in which underwriters try to have a proper balance within each risk classification. Much of personal lines underwriting today involves all exposures units with similar loss-producing characteristics being placed in the same category and charged the same rate.

LenKa [72]2 years ago
3 0

Answer: a. Class underwriting

Explanation: Class underwriting is a classing system that is used in grouping people into risk management groups. Class Underwriting is also a process employes by an individual, organisation or institution which helps the individual, organisation or institution in taking on financial risk for a fee

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The income statements for Federer Sports Apparel for 2022 and 2021 are presented below.
klemol [59]

Answer and Explanation:

The Preparation of horizontal analysis for 2022 using 2021 as the base year is prepared with the help of a spreadsheet.

Horizontal analysis is a method for the analysis of financial statements that indicates fluctuations in the amount of the related products over a period of time. It is a valuable instrument for determining trend situations.

So, with the help of the spreadsheet, we will be able to find the net income by using the formulas.

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2 years ago
While other suppliers bidding for the contract brought bids with lower per unit costs, Orchard wanted to take delivery based on
Daniel [21]

Answer:

The correct answer is A) top quality.

Explanation:

There are generally two sales approaches: the first, product-oriented. This takes into account its own characteristics in terms of presentation, quality and utility; and the second, people-oriented, where the real needs of the consumer are studied to determine how he uses the good in order to orient himself towards satisfying a need.

The example clearly shows that the orientation with minimum unit costs was mainly focused on the client, so that the first impression is that of a lower price to motivate their purchase decision. For his part, Orchard clearly shows a product orientation, because he tries to offer quality by sacrificing other variables to supply a need.

6 0
2 years ago
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Research an example of a monopoly in the United States economy, past or present. Construct a brief explanation of the monopoly a
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 I don't think there's anything more annoying than the ISP monopolies, specifically Comcast which has most of the US I believe. They never bother to upgrade their services only their prices and stupid cable bundle packages. I'm lucky enough to live in a large metropolitan area where a new fiber internet company just started up but before this last year there were only two ISP choices; Comcast or Century link. Suburban and rural areas typically only get one choice; expensive slow internet service from a local ISP monopoly.

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2 years ago
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Is Faraj legally required to pay this additional amount in this case? Melissa Faraj owns a lot and wants to build a house accord
lubasha [3.4K]

Answer:

The issues that arises between the Faraj and Siegel can be discussed by three different groups in resolving the contract agreement.

Note: Kindly find an attached copy of the complete question below.

Explanation:

Solution

In this case between Faraj and Siege'ls building contractors the following issue are discussed by three groups as follows:

(1) The contractor can increase the price of finishing construction based on inflation and the cost of raising materials during inflation prices for the materials increases or goes up and this will affect the customer gradually.

(2) Faraj will not pay the additional amount requested by Siegel because according to the contract the amount she has to pay is $153,000

(3) Issues or problems that might come up during construction is listed below:

  • Poor communication
  • Not feasible or impractical forecasting
  • The unavailability of structure

3 0
2 years ago
Paragon Leasing has been approached by Mid-America Trucking Company (MATC) to provide lease financing for a fleet of new tractor
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Answer:

$32,647

Explanation:

P=R(1-(1+i)^-n)/i

Where P=$140,000

R=?

i=14%

n=7 years

by putting above values in formula, we get

140,000=R (1-(1+.14)^-7)/.14

$140,000=R4.288

R=$140,000/4.288

R=$32,647

4 0
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