A manufacturing company just hired a new risk manager, and she has instituted several employee safety programs
She has persuaded the insurer writing the company's workers compensation insurance to base the premium on the company's actual loss experience during the current coverage period rather than on the company's historical performance. This type of plan is called a(n)
A) retrospectively rated plan.
B) class rated plan.
C) experience rated plan.
D) judgment rated plan.
Answer: A
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Which of the following statements is true about marginal analysis?
A. Fixed costs vary with changes in the number of units sold. B. Total cost is the sum of average fixed costs and average variable costs times the quantity produced. C. Average variable cost equals variable cost times number of units sold. D. Average fixed cost increases as the number of units produced increases. E. Marginal cost equals fixed costs minus variable costs.
Three $1,000 face value, 10-year, noncallable, bonds have the same amount of risk, hence their YTMs are equal. Bond 8 has an 8% annual coupon, Bond 10 has a 10% annual coupon, and Bond 12 has a 12% annual coupon. Bond 10 sells at par. Assuming that interest rates remain constant for the next 10 years, which of the following statements is CORRECT?
A. Bond 8's current yield will increase each year. B. Since the bonds have the same YTM, they should all have the same price, and since interest rates are not expected to change, their prices should all remain at their current levels until maturity. C. Bond 12 sells at a premium (its price is greater than par), and its price is expected to increase over the next year. D. Bond 8 sells at a discount (its price is less than par), and its price is expected to increase over the next year. E. Over the next year, Bond 8's price is expected to decrease, Bond 10's price is expected to stay the same, and Bond 12's price is expected to increase.
To unite a diverse set of employees in a pharmaceutical company under a common corporate culture, AstraZeneca's Global Steering Group has focused on three universal cultural pillars. Which of the following is not one of those pillars?
A. Work/Life Challenges B. Transparency in Talent Management and Career Progression C. Leadership and Management Capability D. Insight Exchange
Using the simplex method, what is the optimal value for X2?
Given the following linear programming problem: maximize Z = $100x1 + 80x2 subject to x1 + 2x2 ? 40 3x1 + x2 ? 60 x1, x2 ? 0