______ is a measure of how often claims are made against an insurance policy.
A. Utilization analysis
B. Variable analysis
C. Experience rating
D. Merit analysis
C. Experience rating
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What are the three sources of a unique and valuable strategic position?
A. few needs, many customers; broad needs, few customers; broad needs, many customers B. low-cost products; huge market needs; unique products C. many needs, few customers; little need, many customers; narrow needs, few customers D. poor products available; few products available; no products available E. bad economy; strong economy; stable economy
Which of the following has been limited in recent years by the implementation of the National Do Not Call Registry?
A) calls by nonprofit groups B) business-to-business telemarketing C) unsolicited outbound telemarketing by businesses D) inbound telephone marketing E) "opt-in" calling systems
How does the Mortgage Reform and Anti-Predatory Lending Act of 2010 help regulate mortgage transactions?
What will be an ideal response?
Which of the following is a drawback of the maximax criterion?
A. It ignores the payoffs associated with the “high demand” state of nature. B. It ignores the payoffs associated with the “low demand” state of nature. C. It is not a good method to use when the states of nature are not equally probable. D. It ignores the maximum payoff that could be realized if the decision maker were a risk taker.