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Pirates have been intensely attacking ships off the shore of Somalia this year. Boat owners have reportedly coughed up more than $30 million in ransom and insurance premiums have shot up. Why would insurance premiums increase dramatically? I. Because the probability of pirate attack has increased
II) Because consumers' willingness to pay for insurance has increased because of these attacks
III) Because insurance claims have increased
Leadership Capacity
The capability of an individual or organization to lead, influence, and support others towards achieving common goals.
Labour Cost Containment
Strategies employed by organizations to control or reduce labor expenses without negatively impacting employee performance or morale.
Capacity to Innovate
The potential or ability of an organization or individual to develop new ideas, solutions, or products that can contribute to growth or improvement.
Aging Workforce
A demographic trend where the average age of the employees in an organization is increasing.
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