principles of marketing by philip kotler 12th edition slides

... Status: Previous Edition 13 Test Bank for Principles Of Risk Management And Insurance 12th Edition by Rejda Full Download: https://downloadlink.org/p/test-bank-for -principles- of- risk-management-and-insurance -12th- edition -by- rejda/ ... Test Bank for Principles Of Risk Management And Insurance 12th Edition by Rejda Full Download: Principles of Risk Management and Insurance, 12e (Rejda/McNamara) ... Previous Edition 21) Which of the following statements about the use of deductibles is (are) true? I They represent risk retention by insurance purchasers II They tend to increase the cost of adjusting

Ngày tải lên: 15/10/2019, 09:37

... Status: Previous Edition 13 Test Bank for Principles Of Risk Management And Insurance 12th Edition by Rejda Full Download: https://downloadlink.org/p/test-bank-for -principles- of- risk-management-and-insurance -12th- edition -by- rejda/ ... Test Bank for Principles Of Risk Management And Insurance 12th Edition by Rejda Full Download: Principles of Risk Management and Insurance, 12e (Rejda/McNamara) ... Previous Edition 21) Which of the following statements about the use of deductibles is (are) true? I They represent risk retention by insurance purchasers II They tend to increase the cost of adjusting

Ngày tải lên: 05/11/2019, 11:14

... Principles of Risk Management and Insurance, 12e (Rejda/McNamara) Chapter Insurance and Risk 1) Which of the following is a characteristic of insurance? A) pooling of losses B) avoidance of ... payment of intentional losses D) certainty about specific losses that will occur Answer: A Question Status: Revised 2) Which of the following is implied by the pooling of losses? A) sharing of losses ... must be a large number of exposure units Answer: B Question Status: Previous Edition 7) From the standpoint of the insurer, which of the following is a characteristic of an ideally insurable

Ngày tải lên: 16/11/2017, 16:00

... special form of planned retention by which part or all of a given loss exposure is retained by the firm • A risk retention group (RRG) is a group captive that can write any type of liability ... rights reserved 3-4 Objectives of Risk Management • Post-loss objectives: – – – – – Survival of the firm Continue operating Stability of earnings Continued growth of the firm Minimize the effects ... refers to the identification of pure risks faced by an individual or family, and to the selection of the most appropriate technique for treating such risks • The same principles applied to corporate

Ngày tải lên: 10/01/2018, 15:20

... the assumptions of an infinite number of observations and of no change in the underlying conditions – Subjective probability is the individual’s personal estimate of the chance of loss Copyright ... Treatment Agenda • • • • • • • Definitions of Risk Chance of Loss Peril and Hazard Classification of Risk Major Personal Risks and Commercial Risks Burden of Risk on Society Techniques for Managing ... indifference, or laziness – Self Insurance is a special form of planned retention by which part or all of a given loss exposure is retained by the firm Copyright ©2014 Pearson Education, Inc All rights

Ngày tải lên: 10/01/2018, 15:20

... Chapter 13 Appendix Calculation of Life Insurance Premiums Calculation of Life Insurance Premiums • The net single premium (NSP) is defined as the present value of the future death benefit • The ... renewable term insurance, the cost of each year’s insurance is easily determined:  amount of   insurance   probability   PV $1 for period   ×   ×     of death   funds are held ... be offset by assets equal to that amount Copyright ©2014 Pearson Education, Inc All rights reserved Appendix 13-10 Policy Reserves • The policy reserve has two purposes: – Formal recognition of

Ngày tải lên: 10/01/2018, 15:22

... and Costs of Insurance to Society Copyright ©2014 Pearson Education, Inc All rights reserved 2-2 Definition of Insurance • Insurance is the pooling of fortuitous losses by transfer of such risks ... Characteristics of Insurance • Pooling of losses – Pooling involves spreading losses incurred by the few over the entire group – Risk reduction is based on the Law of Large Numbers – According to the Law of ... Risk is transferred by a contract • Insurance involves the transfer of pure (insurable) risks • Insurance can reduce the objective risk of an insurer • Risk is transferred by a contract • Hedging

Ngày tải lên: 10/01/2018, 15:22

... characterization to predict values of a variable – For example, the number of physical damage claims for a fleet of vehicles is a function of the size of the fleet and the number of miles driven each year ... is the sum of the present values of the future cash flows minus the cost of the project – The internal rate of return (IRR) on a project is the average annual rate of return provided by investing ... probabilities to individual and joint events – The probability of an event is equal to the number of events likely to occur (X) divided by the number of exposure units (N) Copyright ©2014 Pearson Education,

Ngày tải lên: 10/01/2018, 15:22

... Chapter Types of Insurers and Marketing Systems Agenda • Overview of Private Insurance in the Financial Services Industry • Types of Private Insurers • Agents and Brokers • Types of Marketing Systems ... types of private insurers Copyright ©2014 Pearson Education, Inc All rights reserved 5-9 Types of Private Insurers • A stock insurer is a corporation owned by stockholders – Objective: earn profit ... each member of the reciprocal insures the other members – It is managed by an attorney-in-fact – Most reciprocals are relatively small and specialize in a limited number of lines of insurance

Ngày tải lên: 10/01/2018, 15:22

... characterized by a trend toward professionalism – An agent should be a competent professional with a high degree of technical knowledge in a particular area of insurance and who also places the needs of ... activities of insurers – Agents are often referred to as producers – Life insurers have an agency or sales department – Property and liability insurers have marketing departments • The marketing of insurance ... Ratemaking refers to the pricing of insurance and the calculation of insurance premiums – A rate is the price per unit of insurance – An exposure unit is the unit of measurement used in insurance

Ngày tải lên: 10/01/2018, 15:22

... expenses, profit, and a margin for contingencies • The gross rate consists of the pure premium and a loading element • The gross premium paid by the insured consists of the gross rate multiplied by the ... Measuring the Performance of Life Insurers • A number of measures can be used to gauge the performance of life insurers – Pre-tax or after-tax net income vs total assets – Rate of return on policyowners’ ... level of surplus is an important determinant of the amount of new business that an insurance company can write Copyright ©2014 Pearson Education, Inc All rights reserved 7-9 Financial Statements of

Ngày tải lên: 10/01/2018, 15:22

... banking industry – Reasonable uniformity of laws can be achieved by the model laws of the NAIC – Greater opportunity for innovation – Unknown consequences of federal regulation Copyright ©2014 Pearson ... system of insurance regulation which will increase the cost of insurance regulation Copyright ©2014 Pearson Education, Inc All rights reserved 8-24 Insolvency of Insurers • Insolvency of insurers ... Advantages of state regulation include: – Quicker response to local insurance problems – Federal regulation could lead to a dual system of regulation and increase costs – Poor quality of federal

Ngày tải lên: 10/01/2018, 15:22

... Fundamental Legal Principles Agenda • • • • • • Principle of Indemnity Principle of Insurable Interest Principle of Subrogation Principle of Utmost Good Faith Requirements of an Insurance Contract ... Knowledge of the agent is presumed to be knowledge of the principal with respect to matters within the scope of the agency relationship • Insurers can place limitations on the power of agents by adding ... the principle of indemnity: – A valued policy pays the face amount of insurance if a total loss occurs – Some states have a valued policy law that requires payment of the face amount of insurance

Ngày tải lên: 10/01/2018, 15:22

... contains name of the insured, location of property, period of protection, amount of insurance, premium and deductible information • Insurance contracts typically contain a page or section of definitions ... purpose of other-insurance provisions is to prevent profiting from insurance and violation of the principle of indemnity – Under a pro rata liability provision, each insurer’s share of the loss ... specified percentage of covered medical expenses in excess of the deductible – The purposes of coinsurance in health insurance are to reduce premiums and prevent overutilization of policy benefits

Ngày tải lên: 10/01/2018, 15:22

... Financial Impact of Premature Death on Different Types of Families • Amount of Life Insurance to Own • Types of Life Insurance • Variations of Whole Life Insurance • Other Types of Life Insurance ... determine the present value of the family’s share of earnings for the number of years until retirement Copyright ©2014 Pearson Education, Inc All rights reserved 11-7 Amount of Life Insurance to Own ... which is the present value of the family’s share of the deceased breadwinner’s future earnings Copyright ©2014 Pearson Education, Inc All rights reserved 11-6 Amount of Life Insurance to Own •

Ngày tải lên: 10/01/2018, 15:22

... The aims of this edition remain the same as those of previous editions: namely, to explain and discuss critically the general principles of the constitutional law and administrative law of the ... Constitutionalism: The Rule of Law and the Separation of Powers 92 5.1 Introduction: The Nature and Purpose of the Rule of Law 92 5.2 The Core Meaning of the Rule of Law 94 5.3 The Extended Rule of Law 95 5.4 ... 300 xviii Table of Cases Table of Statutes Access to Justice Act 1999 113 Access to Personal Files Act 1987 551 Act of Settlement 1701 66, 125, 244, 292 Act of the Union of Wales 1536 160 Act of Union...

Ngày tải lên: 18/02/2014, 05:20

... 11). 3. Planning marketing programs. To transform marketing strategy into marketing pro- grams, marketing managers must make basic decisions on marketing expenditures, marketing mix, and marketing allocation. ... and Contents of a Marketing Plan The marketing plan created for each product line or brand is one of the most important outputs of planning for the marketing process. A typical marketing plan ... being a matter of routine. The ultimate outcome of relationship marketing is the building of a unique com- pany asset called a marketing network. A marketing network consists of the company and its...

Ngày tải lên: 06/05/2014, 21:56

... file:///F|/Business /Marketing/ 22 Immutable Laws Of Marketing. html (20 of 77)4/20/2006 1:41:49 AM file:///F|/Business /Marketing/ 22 Immutable Laws Of Marketing. html $800 million and has never had a profitable ... data base software field. (What file:///F|/Business /Marketing/ 22 Immutable Laws Of Marketing. html (42 of 77)4/20/2006 1:41:49 AM file:///F|/Business /Marketing/ 22 Immutable Laws Of Marketing. html dealer ... extend the equity of a brand. 22_12 file:///F|/Business /Marketing/ 22 Immutable Laws Of Marketing. html (41 of 77)4/20/2006 1:41:49 AM file:///F|/Business /Marketing/ 22 Immutable Laws Of Marketing. html ...

Ngày tải lên: 28/06/2014, 12:20