The staff training center at a large regional hospital provides training sessions in CPR to all employees. Assume that the capacity of this training system was designed to be 1800 employees per year
Since the training center was first put in use, the program has become more complex, so that 1400 now represents the most employees that can be trained per year. In the past year, 1350 employees were trained. Calculate the efficiency and the utilization of this system.
Efficiency = 1350 / 1400 = .964 or 96.4 percent; utilization = 1350 / 1800 = .75 or 75 percent
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When an American company pays bribes to the government in a host country, where is the most damage done?
a. in the host country business, which has made an unethical deal b. in the American business, which may suffer a loss of profitability c. in the United States, which suffers loss of reputation d. in the host country, where the bribes reinforce and grow unethical behavior
ABC Insurance Company entered into a reinsurance agreement with XYZ Reinsurance
Under the contract, XYZ Re has no liability unless ABC's loss ratio exceeds 85 percent for the year. XYZ Re agreed to pay all losses in excess of the 85 percent loss ratio. ABC Insurance Company is using reinsurance to A) stabilize profits. B) reduce the unearned premium reserve. C) provide large risk capacity. D) retire from a line or territory.
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A. pay B. promotion C. the work itself D. coworkers E. supervision
When production volume exceeds the breakeven point, we can expected
a. fixed cost to decrease b. a loss c. marginal revenue to decrease d. a profit