A Safe Drive Is Likely to Prefer an Auto Insurance

question 88

Multiple Choice

A safe drive is likely to prefer an auto insurance policy that has a ________ deductible and a ________ premium.

• A) high; high
• B) high; low
• C) low; high
• D) low; low
• E) None of the above answers are correct because private information has no effect in the market for auto insurance.

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Definitions:

Strategic Objectives

Long-term goals that a business seeks to achieve, guiding its operational planning and decision-making.

Financial Perspective

An angle of strategic management that focuses on how well an organization is performing financially.

Balanced Scorecard

A system for strategic planning and management that aligns organizational activities with its vision and strategy by tracking performance in relation to strategic objectives.

Strategy Map

A visual tool that illustrates how an organization plans to achieve its strategic objectives through a cause-and-effect relationship among various components.