Describe Organizational Behavior

question 28

Essay

Describe organizational behavior.How does it relate to effective managerial practices?

Analyze and calculate insurance refunds and costs associated with policy cancellations and changes in coverage.

Calculate the monetary outcome of insurance claims considering deductibles, premiums, and coverage limits.

Evaluate the financial impact of differing premium rates and discounts over time.

Understand and apply coinsurance clauses to calculate insurance payouts and policyholder responsibilities after a claim.

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Definitions:

Net Operating Income

The total profit of a company after operating expenses are subtracted from gross profit but before income taxes and interest expenses are deducted.

Average Operating Assets

The average value of assets used in the production or operation of a company over a specific period.

Sales

The total amount of revenue generated by the sale of goods or services.