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frutty [35]
3 years ago
14

How does insurance fraud create higher overall prices for everyone?

Business
1 answer:
34kurt3 years ago
4 0

Answer:

Auto insurance fraud affects all drivers because insurance companies determine their rates, at least partially, based on losses. 

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Discuss three problems associated with teams in organizations, applying concepts learnt in group /team dynamics with practical e
konstantin123 [22]

Explanation:

The three problems associated with teams in organizations are:

  1. Group thinking
  2. Social loafing
  3. Conflicts due to hierarchy and unclear responsibilities.

Group thinking can affect the quality of work, productivity and innovation of the team, this problem arises as a result of establishing a decision consensus without carrying out sufficient testing, analysis and evaluations, as there is a need for the members to reduce conflicts and remain in the comfort zone so as not to disturb the consensual development of the team.

Social loafing is a problem observed when members of a team contribute less effort to achieve the expected results. This can lead to a decrease in innovative ideas and work overload for some team members.

In conflicts due to unclear hierarchy and responsibilities, they can be generated due to disagreements in the way a team is led and in the division of responsibilities that are not well established in a team, so there must be clear, direct communication and that conflicts be resolved ethically for the sake of the progress of teamwork.

6 0
3 years ago
Ajax Corp's sales last year were $400,000, its operating costs were $362,500, and its interest charges were $12,500. What was th
Gala2k [10]

Answer:

times-interest-earned ratio will be 3

So option (a) will be correct answer

Explanation:

We have given total sales = $400000

Operating expenses = $362500

And interest charges = $12500

So earning before interest and taxes = sales - operating cost = $400000 - $362500 = $37500

We have to find the times-interest-earned ratio

So times-interest-earned ratio is given by

times-interest-earned ratio = \frac{earning\ before\ interest\ and\ taxes}{interest\ expense}=\frac{37500}{12500}=3

So option (A) will be correct option

7 0
4 years ago
Suppose that, in an attempt to combat severe inflation, the government decides to decrease the amount of money in circulation in
Free_Kalibri [48]

Answer:

This monetary policy the economy demand for goods and the services which lead to product prices.

Explanation:

Now in the short run, the change in the prices induce firms to produce goods and services. this in turn, lead to a level of unemployment. in other words, the economy faces a trade off between unemployment and inflation.

6 0
3 years ago
Outsourcing to provide extra workers during periods of peak workloads can be much more economical than trying to fill entire pro
Grace [21]

Answer:

B

Explanation:

6 0
3 years ago
An entrepreneur conducted many experiments in a project without success. What characteristic must this person have to succeed?
yarga [219]
I believe the answer would be the first one a dedication to hard work because if they aren't into their work and don't work for it the business would crumble

hope this helps
5 0
4 years ago
Read 2 more answers
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