If Losses on a Particular Line of Medical Malpractice Insurance

question 41

Multiple Choice

If losses on a particular line of medical malpractice insurance were $650 million and premiums earned were $575 million,the loss ratio would be

• A)1.13 implying that this line of insurance is profitable.
• B)1.13 implying that this line of insurance is unprofitable.
• C)0.88 implying that this line of insurance is profitable.
• D)0.88 implying that this line of insurance is unprofitable.

Recognize the effects of personal characteristics on social interactions and relationships.

Acknowledge the necessity of mutual concern and regular social contact in fulfilling the need to belong.

Analyze the influence of social and cultural factors on personal relationships.

Examine the implications of psychological theories on relationship dynamics.

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Definitions:

Distribution Facilities

Warehouses or storage sites where goods are held before they are distributed to the final customer.

Intermittent Processes

Operations or production processes that are not continuous but occur at irregular intervals.

Labor Intensity

The degree to which a process or industry relies on human labor rather than automation or machinery.

Professional Services

Services offered by businesses to other organizations or professionals, which require specialized knowledge, skills, and often involve certification or licensing.