What is risk pooling???

Answers

Answer 1

Answer: A risk pool is one of the forms of risk management mostly practiced by insurance companies. Under this system, insurance companies come together to form a pool, which can provide protection to insurance companies against catastrophic risks such as floods, earthquakes etc.

Related Questions

Recommend four aspects you would include when preparing a flyer
Apples are part of which factor of production?A. land B. labor C. capital D. scarcity
What information is necessary to calculate the after-tax return on investment (ROI)?A. whether the capital gains are long term or short term and the dividends are qualified or nonqualifiedB. whether the capital gains are long term or short term and which company paid the dividendsC. whether the capital gains are from the sale of a stock or a bondD. whether the investment was purchased individually or through a brokerage firm
Which is true about the interest on corporate bonds?a. it is tax deductible b. it is taxed as ordinary income c. it is taxes as a capital gain d. it does not incur taxes
Alexa put a lot of thought into the design for her company's annual report. She made sure to include repeating design elements such as color schemes and decorative images. Her goal was to _____. add static balance create a unified publication reduce costs provide consistency

Which of the following statements accurately describes the economic policy of mercantilism?a. It downplayed the role of government in stimulating economic growth.
b. It discouraged the establishment of overseas colonies.
c. It encouraged trade by abolishing laws that regulated trade.
d. It was based on a belief that a nation’s real wealth was measured in its gold and silver treasure.

Answers

The best answer is letter a. It downplayed the role of government in stimulating economic growth.

>>The main goal of mercantilism was to increase a nation's wealth by imposing government regulation concerning all of the nation's commercial interests.
It sticks to the belief that the national strength can be maximized by limiting imports via tariffs and maximizing exports.

Answer:

Explanation:

This is a case study adopted from the book of Crispina R. Corpuz. "Reyes Department Store" Based on the review of the store, Nicole, the general manager concluded that one of the first things she has to attend involves developing the job description of her store supervisor. During her first few weeks on the job, Nicole found herself asking one of her supervisors, Jet, why was he violating what she knew to be part of the company policies and procedures. Jet’s only response was that he was not aware of that policy and was not aware it was part of his job. Nicole knew that a job description, along with a set of standards and procedures that specify what was to be done and how to do it, will go a long way toward alleviating the problem. Discuss the process that Nicole should follow to solve this problem.

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To address the issue, Nicole should create a clear job description, define company standards, provide training, and ensure accountability for supervisors' adherence to policies and procedures.

Nicole can follow a systematic process to address the issue with Jet's lack of awareness regarding company policies and procedures:

Comprehensive Job Description: Nicole should develop a detailed job description that precisely defines the roles and responsibilities of store supervisors, providing clarity on their duties within the organization's framework.

Clear Standards and Procedures: Creating explicit standards and procedures will give supervisors a defined framework to follow, ensuring that they are aware of company policies and guidelines.

Effective Communication and Training: Through effective communication and training sessions, Nicole can ensure that supervisors understand the importance of adhering to policies, fostering awareness and compliance.

Accountability and Adherence: By establishing accountability measures, Nicole can ensure that supervisors are held responsible for following company policies and procedures, promoting consistency and integrity in their actions.

Learn more about Effective Communication here:

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Final answer:

Nicole needs to identify the tasks needed for the supervisor role, summarize these into a job description, and establish policies and procedures. She then needs to ensure these are communicated clearly to all supervisors and implement a system for monitoring and enforcement.

Explanation:

To solve this problem, Nicole needs to follow several steps to establish clear job descriptions and expectations for her supervisors. First, she should identify the tasks that need to be performed by the supervisor role. Then, she should summarize these tasks into a concise job description outlining the supervisor's duties, responsibilities, and expectations.

Secondly, Nicole should create and implement a set of policies and procedures, which outline how the identified tasks should be performed. Once established, she needs to ensure that these are communicated clearly to all supervisors and employees. This can be done through a formal meeting, written communication, or a training session.

Finally, Nicole needs to implement a system for monitoring and enforcement of these policies and procedures. This could include regular check-ins, performance reviews, or a reporting system to hold staff accountable.

Learn more about Job Descriptions and Policies here:

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All of the following are economic institutions EXCEPTa. churches.
b. government services.
c. credit unions.
d. commercial banks.

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churches .it's a religious institution

_________ is a portfolio analysis model developed by the Boston Consulting Group that assesses the potential of successful products to generate cash that a firm can then use to invest in new products.

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Answer:

BCG growth-market share matrix

Explanation:

BCG growth-market share matrix is a portfolio analysis model developed by the Boston Consulting Group that assesses the potential of successful products to generate cash that a firm can then use to invest in new products.

it creates a visual assessment of investment in terms of relative market share and the growth rate of the market.

Elle, an adolescent, believes that government should pay for citizens' health care. from this premise, she reasons about the particulars of how and why government-funded health care would work. this is an example of

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This is an example of "deductive reasoning".

Deductive reasoning is a coherent procedure in which a conclusion depends on the concordance of numerous premises that are commonly thought to be valid.

Deductive reasoning is sometimes alluded to as top-down logic. Its partner, inductive thinking, is some of the time alluded to as base up rationale. Where deductive thinking continues from general premises to an explicit end, inductive thinking continues from explicit premises to a general end.

What should be the price of a common stock paying $3.50 annually in dividends if the growth rate is zero and the discount rate is 8%?

Answers

Answer:

$43.75

Explanation:

Dividend discount model with zero growth assumes that the Company shall continue to pay the same amount of dividend in infinity. The formula for calculating price of such stock is

Price = Annual Dividend / Discount rate

Price = $3.5 / 8%

Price = $43.75 / per share

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A fee for using an ATM is usually NOT assessed ifa. the ATM is owned by the bank of the account holder. b. the account has enough money to cover the withdrawal. c. the ATM is located in an airport. d. the account holder has never had a returned check. What is the purpose of the Federal Deposit Insurance Corporation? a. to keep banks on the gold standard b. to protect depositors from loss c. to charter state banks d. to end banking regulation

You work for a company that has a form where people can request a free consultation. You want to create a list of people in your territory who have submitted this form. Which tool will you need to use to do this?A. Saved filtersB. Task queuesC. FormsD. Lead flows

The _____ emphasized the study of employee attitudes and informal group dynamics in the workplace.

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