Answer: April 2024
Explanation:
Based on the information given in the question, at a minimum, the appraiser must retain his workfile till April 2024.
It should be noted that appraisal records should be kept for at least a period of 5 years. In a situation whereby there is a report which is involved in the litigation, then such file must be maintained for a further two years. This is according to the Uniform Standards for Professional Appraisal Practice Record Keeping Rule.
Answer:
prior to using the <u>Assumed names</u>
Explanation:
An insurance producer must get himself or his organization registered before doing any business of insurance.
For this there are certain rules as related to the names of such business.
There is the requirement to follow the rules and regulations.
If some person does this business not in his name, and uses some other assumed name, that is any kind of "insurance" word is used for example, "Life Insurance Co." then the person is required to take a prior permission from the commissioner.
This is to ensure that the name shall not be registered with some other organization.
Thus, no assumed names to be used, before prior permission is received from the commissioner.
The answer is product line length
The product line length will determine the variety of choice available for customers when they're selecting the products from the company.
Larger product line length means that the company could serve a more diverse group of consumer base
Answer and Explanation:
The computation is shown below:
a. Real interest rate is
= Nominal interest rate - inflation rate
= 1% - 3%
= -2%
2. The number of years is
We have to use the rule of 70 for doubling the investment
= 70 ÷ annual interest rate
= 70 ÷ 1.75%
= 40 years
We simply applied the above formula so that the correct value could come
And, the same is to be considered
The style of decision-making raven use is rational. Thus the correct option is B.
<h3>What is Manager?</h3>
A manager is refer to an individual in an organization who is responsible for coordinating and controlling the functions of the organization and helps to perform business activities smoothly and timely.
In this case, it is given that Manager named Raven is facing problems in working and tries to develop alternative solutions and evaluate them. In this method when she resolves one problem, another rise.
This caused her frustration with employees so in this situation she should use a rational decision-making model in which she should implement strict actions or plans to fulfill the objective of the business by using a logical approach.
She should conduct research about the facts causing problems and by using evidence reached on alternative outcomes to make the final decision that can be considered appropriate for the organization.
Therefore, option B is appropriate.
Learn more about Managers, here:
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