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To this effect, most customers have either cancelled their policies during insurance period or have simply not renewed at end of underwriting period. A one Mr Amukena got a household insurance together with office equipment like printers and laptops kept at home following the covid Pandemic. Amukena was told to install fire sensors and sprinklers to make his house insurable. Six (6) months later, thieves broke into Amukena’s home stealing office quipment kept at home and cash money valued at K10,000. Other valuables stolen were two car spare wheels left outside on the veranda not fixed to the car, wheelbarrow and some clothes left on the line.
Upon inspection by the joint team of the insurer loss adjuster and Police, it was discovered that the lock to the main gate was defective.
Required
Amukena has approached you as the product development actuary of ABC for advice on whether his claim is payable and if so how much is he liable to be paid?
One of the roles of a manager is to act as a spokesperson for the company, both internally and externally. This is an example of __________________.
- A. the leading process
- B. maintaining good relations
- C. the informational role
- D. acting as a representative figure
Gund is a company producing plush stuffed animals, based in New Jersey, United States. It has recently signed a contract to deliver 100,000 Itty Bitty Boo stuffed unicorns, at €11 apiece, which represents 5% profit for the company.The whole sum of €1,100,000 will be paid at the time of delivery in 6 months. But Gund’s CFO, Chris Jasko, is worried. USD/EUR exchange rate has been very volatile lately, and if the U.S. dollar straightens more than 5%, the whole deal will produce a loss. Help Chris with this problem and design a hedging strategy.
Westchester City is constructing a new city hall. The building will cost $40 million and is estimated to have a useful life of 40 years. Based on the experience of similar cities and the best estimates of the city’s engineers, Westchester’s planners expect that at the end of 40 years the building will have to be torn down and rebuilt, so it is not expected to have any value at the end of 40 years. It will cost $6 million to acquire equipment for the new center. Equipment is assumed to last for 10 years. The city estimates that the equipment can be sold for 20 percent of its cost at the end of its useful life. If the city undertakes this project, what will the building and equipment expense be in the first year after the center is opened?
effect of covid-19 lockdown on population growth and increase in new born babies in developing nation like nigeria
- Which one of the following statements about control is correct? A. Only managers at top level are involved in the control process.
- B. Control influences the first step in the management process (planning).
- C. Control procedures are only necessary in large bureaucratic organisations.
- D. Control is the third component of the management process.
- Which one of the following statements about control is correct? A. Only managers at top level are involved in the control process.
- B. Control influences the first step in the management process (planning).
- C. Control procedures are only necessary in large bureaucratic organisations.
- D. Control is the third component of the management process.
3. In each of the following scenarios, which type of unemployment would change (if any) and in what direction? Which of these scenarios would be most likely to reduce frictional unemployment?
A. The government eliminates the minimum wage.
B. The government increases unemployment insurance benefits.
C. A new law bans labor unions.
D. More workers post their resumes at Monster.com, and more employers use Monster.com to find suitable workers to hire.
E. Sectoral shifts become more frequent
1) Computing labor force statistics:
Adult population of the U.S. by group, 2019
# of employed 151.1 million
# of unemployed 7.8 million
not in labor force 94.5 million
1. Based on the above table, compute the labor force, u-rate, adult population, and labor force participation rate. Evaluating “U” measure:
2. In each of the following, what happens to the u-rate? Does the u-rate give an accurate impression of what’s happening in the labor market?
A. Sue lost her job and begins looking for a new one.
B. Jon, a steelworker who has been out of work since his mill closed last year, becomes discouraged and gives up looking for work.
C. Sam, the sole earner in his family of 5, just lost his $80,000 job as a research scientist. Immediately, he takes a part-time job at McDonald’s until he can find another job in his field. Natural unemployment:
1) You work for Bellevue Window Products. While
performing an analysis for a new window product,
you found a report from last year that provided
the following information regarding the
manufacture of a similar product: annual production
rate = 40,000 units; selling price = $70 per
unit; fixed production cost = $240,000 per year;
variable production cost = $1,700,000 per year;
variable selling expenses = $96,000 per year. As
a first-cut, you decide to use this information to
estimate (a) the breakeven production rate per
year, (b) the company’s profit last year, and (c)
the annual production rate that would generate a
profit of $1,000,000 per year. What are your
estimates?
