Insurance companies create a pool of funds to handle

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Answer 1

Answer: Insurance companies create a pool of funds to handle uncertain loss.Insurance companies are in the business of assuming risk on behalf of their customers in exchange for a fee. Thetransaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in return of the insurer's promise to compensate the insured in the event of a covered loss.

Answer 2

Answer:

Insurance companies create a pool of funds to handle risk and provide financial protection to policyholders.

Insurance companies create a pool of funds by collecting premiums from policyholders. These funds are used to cover potential losses and liabilities that may arise from insured events.

By pooling resources from a large number of policyholders, insurance companies are able to spread the financial risk associated with unexpected events.

This allows them to provide financial protection and compensation to policyholders in the event of covered losses, such as accidents, property damage, or medical expenses.

The pooling of funds enables insurance companies to manage risks effectively and fulfill their role in providing security and peace of mind to individuals and businesses.

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An example of technological change is A. being able to produce the same output using fewer inputs. B. being able to produce more output using the same inputs. C. a decline in the quantity of output that can be produced from a given quantity of inputs. D. both a and b. E. all of the above.

Answers

Answer:

The correct answer is option E.

Explanation:

Technological change implies a change in the level of technology. It can be both positive as well as negative. Positive technological change is called improvement or up-gradation in technology.

Technological improvement will help to produce the same level of output using fewer inputs or to produce more output using the same inputs.

A negative change in technology is called degradation in technology. It will cause a decline in the quantity of output that can be produced from a given quantity of inputs.

Final answer:

Technological change, being able to produce the same output using fewer inputs and producing more output using the same inputs, is best represented by both options A and B.

Explanation:

An example of technological change is indeed both A. being able to produce the same output using fewer inputs, and B. being able to produce more output using the same inputs. Technological change refers to the process by which businesses evolve their production processes via the application of technology. This might mean using an upgraded software to automate data entry, hence saving inputs, or leveraging a new machinery that increases the volume of output without requiring more inputs. Therefore, the correct answer is D. Both A and B.

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Total pay before deductions is known as

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I believe the answer is: Gross pay

When employees receive their monthly salaries, the amount that they receive is already deducted by the federal government as tax payment or by company's healthcare and pension plan.
The gross pay is the amount of money that the employees would receive if they do not have to pay for any of that stuff.

Total pay before deductions is known as Gross pay.It includes including allowances, overtime pay, commissions, and bonuses, and any other amounts, before any deductions are made.The employee will only have access to net pay for the purpose of paying bills, rent, etc.

• What is value chain analysis?

Answers

A value chain analysis is the process of identifying the primary and support activities that add value to a product and seek ways to reduce costs or increase differentiation. It is a strategy tool used to analyze the firm’s activities. This will help the firm identify which activities are more valuable and which activities can be improved to gain competitive advantage.

Merrill Lynch : Case study Summary of Case The case profiles the financial crisis at Merrill Lynch at the end of the last decade, which was acquired by Bank of America for $50 billion. B of A received government assistance during the financial crisis from (and was covered by) TARP (the Troubled Asset Relief Program). One initial consequence of TARP coverage was that some employees, including some high-level,high-revenue generating employees began to leave larger financial institutions like Merrill Lynch/Bank of America to go to so-called "boutique" financial services firms, which had not received TARP money and thus were not covered by TARP restrictions on compensation. Another initial reaction was an increase in base pay levels and a decrease in bonus levels, apparently in response to all of the negative publicity bonuses had received and as a way to get around TARP restrictions. Students are expected to analyze the decision of Merrill Lynch to change employee compensation just to get around TARP restrictions on compensation. However, now, that some time has passed, the economy has recovered (somewhat), and the stock market has bounced back, Merrill Lynch and other financial services companies are making money again. At Merrill Lynch, there is always a lot of action and discussion around compensation strategy. Merrill introduced a plan to expand its number of financial advisors by 8 % (about 1,200 people). Where would they come from? Other firms? How would Merrill get them to move? By offering unusually high up-front signing bonuses and decentralizing authority to make such offers. Traditionally, top brokers from other firms can receive 1.5X their pay at the firm they are leaving. Merrill was not the only firm looking to add top brokers. Indeed, what was described as a "bidding war" broke out, and signing bonuses were reported to have gone as high as 3X or 4X previous pay in some cases. Why the bidding war? "Wealth management firms make the bulk of their profits on the top 10 percent of their producers" according to compensation attorney Katten Muchin. And, very wealthy clients tend to be more loyal to their advisors than to the advisors’ firms. At Merrill, there are some concerns among financial advisors. First, in the non-Merrill part of Bank of America, brokers are under a discretionary bonus system rather than an (objective) incentive system where pay is based on a formula. Merrill financial advisors fear that Bank of America wants to extend that system to cover them. Second and likely related, non-Merrill brokers at B of A are expected to cross-sell—in other words, to push products sold by other parts of the bank. The opportunities for such synergies are typically seen as a source of competitive advantage for a large, diversified financial institution such as B of A. However, cross-selling performance (and cooperation) is difficult to assess objectively. Thus, subjective evaluations are likely necessary. Merrill brokers appear to be opposed to cross-selling, both because they are concerned it could undermine their relationships with their clients and because they prefer to have their pay determined by objective measures. 3. Should Bank of America change its compensation strategy to include more subjective assessments of performance and a greater emphasis on cross-selling? What effect might this have on its success in the bidding war for top brokers? 5 Marks

Answers

Bank of America should carefully consider the potential risks and benefits of changing its compensation strategy before making any decisions.

It should prioritize building a strong culture and brand, offering a fair and transparent compensation package, and fostering long-term relationships with clients and financial advisors.

What are the responses to other questions?

Bank of America may consider changing its compensation strategy to include more subjective assessments of performance and a greater emphasis on cross-selling, but it needs to weigh the potential impact of such changes on its success in the bidding war for top brokers.

Introducing more subjective assessments of performance may result in a fairer evaluation of financial advisors, as it would consider factors beyond just the numbers. It could incentivize advisors to focus more on long-term relationships with clients rather than short-term gains. Cross-selling could also increase revenue for the company and provide a competitive advantage in the market.

However, there are risks associated with these changes. Financial advisors may feel that their compensation is being unfairly influenced by subjective evaluations, leading to a loss of trust and motivation. This could lead to increased turnover and difficulty in attracting and retaining top talent. Furthermore, emphasizing cross-selling may alienate clients and erode their trust in the firm, ultimately leading to a decline in revenue.

In the bidding war for top brokers, Bank of America may need to consider the overall compensation package it offers. While signing bonuses can attract brokers, a more competitive overall compensation package, including a fair and transparent incentive system, may be more effective in attracting and retaining top talent. Bank of America may also need to focus on developing a strong culture and brand that aligns with the values of financial advisors and appeals to their desire for long-term success.

In summary, Bank of America should carefully consider the potential risks and benefits of changing its compensation strategy before making any decisions. It should prioritize building a strong culture and brand, offering a fair and transparent compensation package, and fostering long-term relationships with clients and financial advisors.

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A company sells a car to a consumer and helps the consumer set up a loan with regular set payments. What type of credit is this?

Answers

This kind of credit is also known as consumer credit. It is actually the kind of credit that is given to a consumer on purchasing of any goods or getting any kind of service. Some kind of loans, credit card loans can be considered as a kind of consumer credit. This kind of credit is prevalent around the globe.

Answer:

Installment credit

Explanation:

The answer the guy up there gives you isn't even an option, and i took the test and got it right

________ are tradition-bound, suspicious of changes, and adopt an innovation only when it has become something of a tradition itself.A. Latent innovatorsB. Early adoptersC. Early mainstream adoptersD. Lagging adoptersE. Late mainstream adopters

Answers

Answer:

The answer is D. Lagging Adopters

Explanation:

Lagging Adopters is the answer because, this group is slow to adapt to new ideas or technology. They tend to adopt only when they are forced to or because everyone else has already.

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