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Use the following to answer questions:
Scenario: Flood Area
Suppose you own a home that is estimated to be worth $250,000. You live in a flood plain; as a result, the probability that you will lose your home to a flood is 30%.
-(Scenario: Flood Area) Look at the scenario Flood Area. Suppose an insurance company offers you flood insurance. Most likely this insurance would require a premium payment:
Repeat Business
The recurrence of customer purchases due to satisfaction with a product or service, contributing to the company's revenue over time.
Attendance Plans
Policies or programs established by an organization to manage employee attendance, including tracking, incentives for good attendance, and consequences for excessive absenteeism.
Administering
The process of managing or supervising the execution, application, or conduct of something.
Legitimate Absences
Any absence from work that is sanctioned or permitted by the employer, often due to illness, family obligations, or other acceptable reasons.
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