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The chief actuary has assigned you the project of developing rates for liability coverage for their new classic and antique car liability coverage program. The chief actuary provides you with this information obtained from the company they just purchased that had been providing this type of classic car coverage in the past. Your job is to calculate:
1. The rate per exposure unit using the pure premium method.
2. The rate change for the overall book of business using the loss ratio ratemaking method.
3. The actuary also wants you to consider a judgment rating method for insuring the physical damage for the antique and classic autos. What variables or other considerations would go into this judgment rate.
Performance management is a particularly important topic when it comes to employee retention and development. How the process is designed and implemented can dramatically impact individual and organizational outcomes. The discussion this week is f..
Compare the pros and cons of public and private roles played in promoting health care, in terms of state and federal funding, in a time of threats from bioterrorism and disease-resistant pathogens.
Does subliminal advertising work? Support your view. Assuming that some forms of subliminal persuasion can influence consumers; do you think the use of these techniques is ethical? Explain your answer.
Crosby states that the ‘zero defects' concept is widely misunderstood and resisted. Explain the zero defects concept.
What do you think about Walt Disney's decision not to purchase merchandise from Bangladesh? Is this and appropriate way of dealing with the problem?
How many gas and electric trimmers should Weedwacker make, and how many should it buy in order to fulfill its contract in the least costly manner?
What is the manager's role and responsibility in implementing change in the department? How should a manager successfully handle staff resistance to change?
Your company has a small but persistent core of about half a dozen of employees who can’t seem to come up to speed on rapidly-changing technology in your firm, and revert to old patterns of work. To what degree should their seniority and loyalty to t..
Describe a time when you were trying to communicate with another person and active listening would have been helpful. What was the situation. How did he/she respond. How did you respond. What could you have done to improve the communication
The mean lifetime of all light bulbs produced by a manufacturer is unknown. A sample of 144 bulbs is randomly selected and tested.
Complete the network diagram, do the necessary calculations, and state the critical path(s) and the project completion time. State the critical path(s)
Articulate key aspects of operations management. Explain why operations management is important to managers in various organizational areas.
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