Under One Method of Estimating a Loss Reserve, the Reserve

question 8

Multiple Choice

Under one method of estimating a loss reserve, the reserve is based on life expectancy, duration of disability, and similar factors. This method of estimating loss reserves is called the

• A) judgment method.
• B) tabular value method.
• C) loss ratio method.
• D) average value method.

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Definitions:

Union Avoidance

Strategies employed by employers to prevent the formation of unions and avoid collective bargaining, often focusing on employee satisfaction.

Legal and Illegal Tactics

Strategies used in various contexts (such as negotiations or competitions) that are either permissible under law or prohibited and punishable.

Union Suppression

Strategies or practices employed by employers to prevent or diminish union influence and employee organization within the workplace.

Union Suppression

Efforts or strategies aimed at weakening, regulating, or eliminating labor unions and their influence on workers and workplace conditions.