According to the Insurance Institute for Highway Safety, neck strains, and sprains are the most serious injury reported in 30-40% of auto insurance claims.
The most severe injury recorded in 30–40% of motor insurance claims, according to the Insurance Institute for Highway Safety, is neck strains and sprains.
When consumers phone in with these problems caused by motor accidents, these claims are made. These claims are made through insurance and sent to the Insurance Institute for Highway Safety, allowing them to determine how much consumers should pay for insurance due to specific emerging problems.
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Answer:
R
Explanation:
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Answer: Benefit segmentation
Explanation: Benefit segmentation regers to a business approach or principle which involves the separation of one's business clients, consumers or target market based on the satisfaction, benefit or level of
quality service being offered. The process involves making a distinction between different customer types or category based on the needs, motive and the sought benefits required by consumers.
Answer:
Explanation:
AI-generated answer
Comparing past and present performance of the same company or comparing business performance against the performance of other businesses in the same industry serves multiple purposes. Some of these purposes include:
C) To identify areas for improvement: By comparing past and present performance, a company can assess its progress over time. This comparison helps identify areas where the company has improved or declined. It allows management to analyze trends, evaluate strategies, and make informed decisions on how to enhance the company's performance.
D) To set employee salaries: Comparing business performance against other companies in the same industry can provide valuable insights for setting employee salaries. It helps determine the company's competitive position in terms of financial performance, which can influence compensation decisions. For instance, if a company is performing better than its competitors, it may be able to offer higher salaries to attract and retain talented employees.
In addition to these two options, comparing past and present performance or business performance against industry peers can also help in assessing market demand and calculating taxes. However, the primary purposes are to identify areas for improvement and set employee salaries.
b. The insured pays a premium for a specified number of years.
c. The insured pays the premium until his or her death.
d. The insured is covered during his or her entire lifetime
The following best describes term life insurance: The insured pays a premium for a specified number of years. Therefore, the correct option is B.
A life insurance policy is a contract between an individual and an insurance company. The person (policyholder) agrees to pay a premium to the insurer on a regular basis. In exchange for the premium, the insurer gives the guarantees to pay a sum of money to the policyholder's designated beneficiary.
The primary purpose of life insurance is to provide financial security to the policyholder's loved ones following the policyholder's death.
Thus, the ideal selection is option B.
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The disadvantages of an ERP system when it works in isolation are:
Enterprise Resource Planning (ERP) System refers to a system used by businesses to manage its activities such as manufacturing, supply, services, and other such activities. ERP is a link that connects each and every aspect of an enterprise.
When an ERP system works in isolation, it is difficult for the departments to collect and analyze data and hence affects its functioning.
Also, the organization may face losses as the data required may not be readily available to a department and hence the decisions cannot be taken effectively.
Therefore the correct options are 1 and 2.
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Answer:
Option B, 1 & 2
Explanation:
The complete question is-
The disadvantages of a system when it works in isolation are:
1. It becomes difficult to collect and analyse data needed for the functioning of any department.
2. It results in the loss of profits to the organisation that could have been better spent in decision making.
3. Business executive or decision-maker cannot take good decisions with the isolated data.
a. 1 & 3
b. 1 & 2
c. 2 & 3
d. 1
Solution -
An isolation system also has work control system, training and competence, operating procedures and management. This system can work adequately only when these arrangement work adequately and this not possible without integration with the entire system.
It become difficult to collect isolated data, its assessment and making decision regarding the betterment of system.
Hence, Option B is correct