This Analysis Is a Highly Specialized Mathematic Analysis That Deals

question 48

Multiple Choice

This analysis is a highly specialized mathematic analysis that deals with the financial and risk aspects of insurance.This analysis takes past losses and projects them into the future to determine the reserves an insurer needs to keep and the rates to charge.Identify this analysis.

• A)Gentrification
• B)Underwriting analysis
• C)Actuarial analysis
• D)Blockbusting analysis
• E)Redlining analysis

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Definitions:

Adam Smith

An 18th-century Scottish economist and philosopher best known for his theories on free market economies, depicted in "The Wealth of Nations."

Profit

The financial gain that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Mechanistic Organization

A highly structured, rigid, and bureaucratic form of organization based on centralized authority and a hierarchical line of command.

Leadership Role

A position of influence and responsibility where an individual guides and directs a group towards achieving a common goal.