Insurance Brokerage Company Uses a Computer-Based Method of Estimating the Losses

question 23

Multiple Choice

Insurance Brokerage Company uses a computer-based method of estimating the losses its clients will suffer if a severe storm or earthquake occurs.This method of estimating losses is called

• A)capital budgeting.
• B)securitization of risk.
• C)risk mapping.
• D)catastrophe modeling.

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Definitions:

Professional Search Firms

Companies specializing in recruiting high-level executives or specialized professionals for other organizations.

Placement Agencies

Agencies specialized in matching employers with potential employees, often focusing on specific industries or professional fields.

Cost Per Recruit

The total expense incurred by an organization to hire a new employee, including advertising, interviewing, testing, and training costs.

Success Rate

A measure of the proportion of successful outcomes compared to total attempts, often used in evaluating performance.