The type of economic system a producer is operating in determines the way these outputs are distributed, what goods and services are produced as outputs, and how scarce resources are allocated among producers to create these outputs. The most common types of economic systems are market, traditional, command.
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Answer:
groupthink
Explanation:
Groupthink: The groupthink theory was originally proposed by the works of Irving Janis in 1972.
The term groupthink is considered as a psychological phenomenon that arises in a specific group consisting various people that desires or wants conformity or harmony in that particular group and often results in a dysfunctional or an irrational decision-making process or outcome.
Groupthink occurs due to the faulty or wrong decision made by the members of a group due to the need of being the group intact.
An endorsement found in an insurance plan which modifies the provisions of the policy is called rider
<h3>
What’s an insurance endorsement?</h3>
- An endorsement is a term used to denote a policy document update. An endorsement is often known as a "Addendum."
- Its goal is to document any changes to the initial terms of the insurance in order to reflect the parties' negotiated agreement.
- An endorsement can be linked to the policy or contained in the policy statement, usually near the end.
- It can be used to amend the terms of a conventional policy, in which case it will be attached from the start of the cover
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Answer: Cohort Analysis report
Explanation:
Cohort is defined as the collection of people who persist related or common characteristic. Cohort analysis report is the record that is made from the cohort behavior over certain period of time.
Analysis and comparison of different behavior is done in this report to determine the state of performance i.e.-high performance,low performance or moderate performance. Analytic dimensions are used in this record making such as Acquisition date etc.
With low credit, it's harder to obtain a healthy life style. Financially, for example, you wouldn't be able to receive loans from banks due to your credit being so low from previous transactions in the past, which eventually can put you at risk of getting any more loans.
