Uncertainty avoidance Study guides, Class notes & Summaries

OrgB final Exam Questions with Correct Answers 100% Verified Rated A+ Communication - Correct Answer is the process by which information and meaning gets transferred from a sender to a receiver What are the four cultural divisions? - Correct Answer 1.Individualism v collectivism vs high power distance 3.Low vs High uncertainty avoidance 4.Masculine vs Feminine What is different between men and women's communication style? - Correct Answer Report Dynamic (w) vs Power Dynamic (m) ...

Insurance Answer - A method of spreading the result of financial loss among a large number people. Life Insurance Answer - A contract under which one party (the insurer) in consideration of the premium payment, agrees to pay an amount stipulated in the contract to a designated person (the beneficiary) upon the occurrence of a contingency defined in the contract (usually that of death). Indemnity Answer - The concept that insurance should restore the insured, in whole or in part, to the con...

BUSI 3250 Exam 1 Questions and Answers What are the 3 P's of sustainability? - Correct Answer ️️ -people, planet, profit Meeting the needs of the future without compromising the ability of future generation's to meet their needs - Correct Answer ️️ -Sustainable Development C.K. Prahalad popularized the term - Correct Answer ️️ -"Bottom of the Pyramid" What does "Bottom of the Pyramid" refer to? - Correct Answer ️️ -refers to the approximately 3 billion people who surv...

A condition or situation that presents a possibility of loss is a (an): correct answers exposure The purpose of insurance is to: correct answers transfer risk Which hazard can be described as a careless attitude or general indifference on the part of the insured toward the occurrence of loss? correct answers morale Which risk is insurable? correct answers pure With regard to insurance, risk can be defined as: correct answers uncertainty regarding loss Treating risk by purchasing i...

Which of the following terms best describes the chance of uncertainty or loss? - Risk In order to avert the financial loss that sometimes accompanies an auto collision, Robert chooses not to own or drive a car. Which of the following means of risk management is Robert practicing? - Risk Avoidance Which of the following is not a method of managing risk? - Measuring and quantifying the risk

Massachusetts Life and Health Insurance Exam Already Passed Insurance Transfer of Risk Risk Uncertainty/ Possibility of Loss Exposure Risks for which the insurance company would be liable Peril Cause of Loss Hazard Something that causes an increase in the chance of loss Physical Hazard Hazard that can be seen Moral Hazard A belief that intentionally causing a loss is acceptable Morale Hazard Carelessness STARR Method of handling risk S- Method of handling risks Sha...

BCOR 1030 Final Exam Questions and Answers with complete solution How does culture influence communication? it provides a framework that shapes the messages you send and receive everyday High context cultures gather subtle information from facial expressions, vocal cues, and even silence in interpreting messages Low context cultures rely on language and meanings of words Individualistic cultures value their own interests more than the group Collectivist cultures value the group inte...

MGT 300: Chapter 2 & 3 - Christopher Neck ASU with Complete Solutions Organizational Strategy the process of creating, evaluating, and implementing decisions and objectives to achieve long-term competitive success Tactical Planning The short term actions and plans to implement the strategy Operational Planning The process of aligning the strategic plan to the day-to-day tasks required in the running of the organization. Strategic Planning The process through which a focus on the d...

INTERCULTURAL COMMUNICATION COMPETENCE - ANSWER-communicating effectively across cultures culture - ANSWER-learned/shared symbols, languages, values, and norms that distinguish groups (characteristic features of everyday existence, beliefs, attitudes, traditions) co-culture - ANSWER-smaller groups within culture, coexisting (ex: generations, gender, race, ethnicity, religion, etc) diversity - ANSWER-variety of personal experiences, values, and world views that arise from differences in ...

Personal Financial Planning Pyramid - Answer-bottom to top: 1.Risk mgmt protection (life/health insurance), 2.Wealth accumulation (savings & accumulation, growth & diversification, speculation investments) 3. Wealth distribution Traditional Risk Management Process (TRM) of an Organization - Answer-1. Identify Risk 2. Evaluate Risk 3. Select a Risk Management Technique to treat each risk 4. Implement and Review Risk Management (RM) Techniques to treat risk - Answer-Risk avoidance Loss Con...