As a Result of Frequent Flooding, the Insurance Market Has

question 41

Multiple Choice

As a result of frequent flooding, the insurance market has noted a positive correlation between flooding and the amount of insurance monies paid out for such floods. Moreover, the probability of such flooding has been increasing. As a result, homeowners in flood plains will find flood insurance:

• A) easy to acquire and relatively inexpensive.
• B) very costly and relatively difficult to find.
• C) premiums have not changed, since the insurance continues to offer the same coverage.
• D) relatively expensive but easy to acquire.

Understand the characteristics and preferences of individuals based on their dominant needs according to acquired needs theory.

Grasp the concept of ERG theory and how it compares to Maslow's hierarchy.

Comprehend the distinction between hygiene factors and motivational factors in Herzberg's two-factor theory.

Appreciate the cultural and situational variations in the applicability of motivation theories.

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Definitions:

Managers

Individuals responsible for controlling or overseeing an organization or one of its divisions.

Negative Slack

The condition in project management when a task or project is running behind its scheduled timeline, indicating delayed progress.

Shadow Price

An economic concept representing the implicit value of a resource that is not directly priced in the market.

Solver

A tool or algorithm used to find solutions to mathematical problems or optimize certain processes.