Outsourcing Is a Special Organizational Function That Does Not Require

question 56

True/False

Outsourcing is a special organizational function that does not require a cost-benefit analysis.

---

Definitions:

Short-rate Refund

A method of calculating the refund amount a policyholder receives if they cancel their insurance policy before it expires, which may include a penalty.

Premium Rate

The rate charged for an insurance policy, reflecting the cost of coverage.

Annual Premium

The annual premium is the total amount paid for an insurance policy in a year, covering the policyholder for a specified term.

Coinsurance Clause

An insurance policy clause specifying that, if a property is not insured up to a certain percentage of its value, the owner is the bearer of part of the insurance and will not be covered for the full amount of damages.