An Insurance Company Evaluates Many Numerical Variables About a Person

question 70

Short Answer

An insurance company evaluates many numerical variables about a person before deciding on an appropriate rate for automobile insurance.The distance a person drives in a year is an example of a variable.

Understand how flexible work plans can influence absenteeism and work productivity.

Understand the decision-making process for accepting or rejecting contracts within unions.

Comprehend the purpose and impact of strikes during labor disputes.

Recognize the continuation or termination points of bargaining processes in union negotiations.

---

Definitions:

Gap-Fillers

Provisions in law or contracts that provide terms where the parties have not specified them, to complete or fill in gaps.

Materially Alter

To make significant changes to the substance or terms of an agreement or document that affect its essential elements.

Grumbling Acceptance

Accepting something reluctantly with complaints or discontent.

Communicated Acceptance

the process whereby the acceptance of an offer is relayed back to the offeror, finalizing the agreement.