Use the Data to Find the Required Rate

question 8

Multiple Choice

Use the data to find the required rate. Round your answer to thousandths unless indicated otherwise.
-An insurance company reported that last year there were claims for medical expenses for 2629 on-the-job injuries. The company covers 329,507 employees. Find the rate of on-the-job injuries per 1000 employees. Round your answer to hundredths.

• A)7.98 injuries per1000 employees
• B)0.008 injury per 1000 employees.
• C)0.13 injury per 1000 employees,
• D)2.629 injuries per 1000 employees.

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Definitions:

Price Discrimination

The strategy of selling the same product or service at different prices to different customers, based on factors like location, customer segment, or purchase volume.

Wholesalers

Entities involved in the distribution process, typically selling goods in large quantities to retailers, other merchants, or industrial, commercial, and institutional users.

Principle-Based Statement

A declaration or assertion that is grounded in established principles or fundamental truths.

Code of Ethics

A set of principles and standards that guides ethical professional conduct and decision making within an organization.