Answer:
see below
Explanation:
Premiums are the regular payments the insured pays to the insurance company for insurance coverage. By paying premiums, the insurance company agrees to compensate the insured for any financial loss resulting from the risk covered by the insurance contract.
Premiums are the cost of insurance. The customer pays premiums while the insurances undertake the risk stated in the policy documents. Should the customer suffer damages, injuries, or financial loss, the insurance companies compensate the customer as per the terms stated in the insurance contract.
Answer:
The correct answer is letter "A": Challenge Stress.
Explanation:
Challenge Stress refers to a problematic situation in which individuals feel they have enough resources to overcome the problem. This type of stress energizes individuals and boosts the confidence in themselves. Challenge stress can even be the reason for people performing better the tasks they are assigned.
<span>Cluster Development. It is the economic development of business clusters. The cluster concept has rapidly attracted attention from governments, consultants, and academics since it was first proposed in 1990 by Michael Porter.</span>
Answer:
The answer is i. the benefit from a one extra unit increase in the activity
Explanation:
Marginal approach gives a view from single unit perspective than from an entire production view point. This is mainly useful to consider whether the marginal benefit from producing more extra units exceed the marginal cost of those units.
Answer:
The correct answer is Management by exception.
Explanation
Administration by exception is an approach that sometimes makes use of methods and procedures outside of normal policy and to achieve a certain purpose. This approach can be used as part of the response to a problem that arises during a specific project or during the course of some type of continuous function within the structure of the company. This occurrence of some type of deviation from the expected or budgeted result calls for adaptation and in some cases abandonment of normal management processes in favor of an approach that is likely to produce a positive response to abnormal results.
