Which of the Following Statements About Retrospective Rating Is True

question 26

Multiple Choice

Which of the following statements about retrospective rating is true?

• A)The premium for the current period is determined by the loss experience in prior periods.
• B)The premium for the current period is determined by the loss experience during the current period.
• C)The premium for future periods is determined by the average loss experience for the current and previous periods.
• D)The premium for future periods is determined by the loss experience for the current period.

Understand the components and purposes of the balanced scorecard, including its four standard perspectives.

Identify and describe the process of developing a balanced scorecard and the role of multifunctional teams in its creation.

Recognize how specific activities and performance measures relate to the different perspectives of the balanced scorecard.

Understand the concept of a strategy map and its differences from a measure map.