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Jim Rhoade Thought He Had a Decent Deal with State

question 37

Multiple Choice

Jim Rhoade thought he had a decent deal with State Farm for insurance coverage on his two cars and his home,but a friend gave him a tip about lower premiums at Allstate. After contacting his local Allstate agent,Rhoade had slashed his annual auto premiums by $400 and his homeowner's premium by the same amount. That's because,in addition to considering Rhoade's record,Allstate took into account seemingly unrelated information from his credit report,such as whether he pays bills on time (he does) and whether there had ever been a claim on his home (there hadn't) . Allstate has discovered patterns that indicate that the better the credit report,the more likely the individual is to be a good risk for an insurer. Which type of pattern has Allstate discovered?

Differentiate between B2B and B2C buying processes and appreciate the complexities of each.

Understand the concepts and cues of detecting deceit in interpersonal interactions.

Recognize the significance of self-presentation and impression management in social situations.

Identify and analyze the effects of different frames of interaction and definitions of situations on social behavior.

Definitions:

Mexican

Pertaining to Mexico, a country in North America known for its diverse culture, history, and significant contributions to world cuisine, art, and literature.

Nez Perce

A Native American tribe originally located in the Pacific Northwest of the United States, known for their resistance to the U.S. government in the late 19th century.

Defeat

The inability to win or succeed in a conflict, game, or competition; a loss.

Montana

is a state in the northwestern United States known for its vast wilderness areas, Rocky Mountains, and as a gateway to Yellowstone National Park.