Ross Studied Engineering in College

question 29

Multiple Choice

Ross studied engineering in college.After graduation,he went to work for an insurance company.Ross visits properties insured by his company.He conducts inspections and makes recommendations about alarm systems,sprinkler systems,and building construction.In what functional area does Ross work?

• A)underwriting
• B)loss control
• C)information systems
• D)claims adjusting

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Definitions:

Production Possibilities

The different combinations of goods and services that can be produced from a fixed set of resources.

United States

A federal republic consisting of 50 states, a federal district, and various territories, known for its vast size, diverse culture, and significant global influence.

Japan

An island country located in East Asia, known for its rich cultural heritage, advanced technology, and strong economy.

Comparative Advantage

The proficiency of an individual or collective in performing a certain economic function more efficiently than a different function.