Some Drivers Cannot Buy Insurance Through the Usual Channels Because

question 60

Multiple Choice

Some drivers cannot buy insurance through the usual channels because, as a group, their losses are excessive.This problem can be solved by charging higher premium rates for such drivers, as is the case of insurers providing coverage to this market, in which some companies offer limited auto coverage to high-risk drivers at high premium rates.Identify the market.

• A)Residual market
• B)Shared market
• C)Reinsurance market
• D)Substandard market
• E)Voluntary market

Recognize the impact of generational shifts on organizational benefits and rewards.

Understand the dynamics of resistance to change and the concept relating to the stages experienced by individuals.

Describe the characteristics of a centralized organizational structure.

Grasp the essence of Kotter's 8 Step Change Model, starting with the creation of a sense of urgency.

---

Definitions:

Domestic Investment

The total spending on capital within a country, including spending on new buildings, machinery, and inventory changes.

Real GDP

A measure of the value of all goods and services produced by an economy adjusted for price changes or inflation.

Foreign Investment

The investment of capital by individuals, corporations, or governments from one country into business interests within another country.

Standard Of Living

The standard of living refers to the level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.