Northstar Insurance Is About to Begin Using a Program That

question 42

Multiple Choice

Northstar Insurance is about to begin using a program that will change the way its adjusters settle insurance claims.Adjusters will be able to complete an adjustment and issue a check right at the scene of the accident.Although employees are uncertain that the new system will work,other insurance agencies have been successful with this approach.At Northstar Insurance,the new program represents ________ change.

• A)motivated
• B)innovative
• C)adaptive
• D)radically innovative
• E)refusal to

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Definitions:

Creditors' Claims

The rights of creditors to demand payment from a debtor or the debtor's estate.

Noncash Assets

Assets that are not in the form of cash or cannot be easily converted to cash, such as real estate, equipment, and intellectual property.

Liquidation Expenses

Costs associated with winding up a business's operations, including paying off debts, selling assets, and distributing the remaining assets to shareholders.

Account Balances

The amounts remaining in financial accounts at a specific point in time, reflecting the difference between debits and credits.