Allstate Has More Than 1,500 Price Levels Determined by Complex

question 180

Multiple Choice

Allstate has more than 1,500 price levels determined by complex algorithms that analyze 16 credit report variables,including late payments and card balances.Allstate is using a _____ to set prices.

• A) yield management system
• B) capacity correlation system
• C) service forecasting tools
• D) service management system
• E) capacity maintenance tool

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Definitions:

Monetary Item

Financial assets and liabilities that carry a fixed or determinable amount of money, such as cash, receivables, and payables.

Foreign Exchange Rates

The prices at which one currency can be exchanged for another, influencing international trade and finance.

Functional Currency

The currency of the primary economic environment in which an entity operates, usually the currency of the country where it primarily generates and expends cash.

Monetary Liabilities

Obligations of an entity to pay cash to another party in the future as a result of past transactions or events.