Answer:
pool the risks of healthcare costs.
Explanation:
In Insurance, risk tolerance refers to the willingness of an individual or organization to take a risk in business transactions in order to get a potentially positive reward.
Simply stated, risk tolerance in insurance is the willingness of an insured individual to increase his or her Self-Insured Retentions (SIRs) or deductibles by the insurer. For instance, the high risk associated with investments such as stocks, high-yield bonds, is often perceived by investors to be worth the higher reward such investment brings.
Generally, insurance companies across the globe charge millions of their customers (insured) premiums every year. This gives them the privilege of having a pool of cash which can be used to cover the cost of losses and destruction to the asset of a small fraction or percentage of its customers.
This simply means that, since insurance companies collect premium from all of their customers for losses which may or may not occur, so they can easily use this cash to compensate or indemnify for losses incurred by those having high risk.
Hence, the main function of insurance is to pool the risks of healthcare costs.
A written brief would be the document that is described wherein it summarises the information, rationale, and the plan of the group involved. In addition, this legal document is primarily used when a specific legal case from one party to the other is presented and argued in a court.
Privatizing social security means having American's invest (in things like the stock market, for example) for their retirement rather than having the money totally managed by the US government.
Answer:
Customer evaluations could cost hundreds of dollars for each salesperson.
Explanation:
The HR team at Rod Inc. is meeting to discuss ways to improve the validity of its performance management system. One staffer suggests adding customer evaluations of the sales representatives in order to gauge their impact on customer satisfaction and sales. What is the major challenge of this approach? Customer evaluations could cost hundreds of dollars for each salesperson.
<span>False. Shortage occurs in a replenishment cycle only if the demand during the lead time exceeds the ROP. True. The fill rate increases and the cycle service level decreases as the safety inventory is increased. False. For the same safety inventory, an increase in lot size increases the fill rate but not the cycle service level.</span>