Leonard Uses Excel to Track Life Insurance Coverage and Cost

question 15

Essay

Leonard uses Excel to track life insurance coverage and cost for his clients. Column B contains the amount of coverage, and Column C contains the cost per thousand. What is the formula that he should key in Cell D9 to calculate the annual premium and in Cell E9 for the monthly premium?

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Definitions:

Valuing Differences

Recognizing and appreciating the diverse backgrounds, skills, and perspectives individuals bring to a group or organization.

Organizational Culture

The set of shared values, norms, and practices that shape the behavior and attitudes of individuals within an organization.

Inclusion Management

The practice of ensuring all employees, regardless of their background or characteristics, feel valued and are given equal opportunities within an organization.

Managing Diversity

Refers to practices and policies designed to create a more inclusive workplace where various cultural, gender, age, and other differences are respected and valued.