Appropriate action for the agent

Assignment Help Business Management
Reference no: EM133148258

Mitsuki visited a local insurance agent to obtain coverage for her yacht. She requested liability coverage in the amount of $100,000 and hull coverage in the amount of $150,000. She asked the agent to submit her request to Watercraft Insurers. The higher the coverage limits, the more money the agent makes in commissions. Which one of the following is the most appropriate action for the agent?

- The agent should refuse to submit a request to Watercraft Insurers until it is determined whether greater coverage limits are advisable.

- The agent should refuse to submit a request to Watercraft Insurers until it is determined whether lower coverage limits are advisable.

- The agent should review the situation with Mitsuki to determine what would be reasonable amounts of coverages.

- The agent should submit a request to Watercraft Insurers with the coverage requested just as Mitsuki asked

Reference no: EM133148258

Questions Cloud

Topic on generic strategies and strategic renewal : For this week's topic on Generic Strategies and Strategic Renewal, identify a business unit (or a company, if it is focused on a single business)
Describe the trade-offs among different stakeholders : 1. Describe the trade-offs among different stakeholders in MNE activities 2. Evaluate the major economic effects of MNEs on home and host countries
What is the best randomization technique : What is the best randomization technique that you would recommend in this case and why - Determine whether it is a fixed-effect, random-effect, or mixed-effect
How has covid affected globalization : How has covid affected globalization and the US relationship with china
Appropriate action for the agent : Mitsuki visited a local insurance agent to obtain coverage for her yacht. She requested liability coverage in the amount of $100,000 and hull coverage in the am
Developing the basic app cost : Developing the basic app would cost you around SGD $9,000/-. You only have S$12,000/- with you. You are not able to borrow any money as you have no collateral.
Corporate social responsibility : "If the past teaches anything about corporate social responsibility, it is that the risks of doing nothing, far outweigh the risks of doing something"
Identify a complex project of choice : Do some research and identify a complex project of your choice that might face duration challenges. Using your understanding of the readings this week, describe
Assignment on international business : Any article that you find regarding International Business. This is a chance to bring something that interests you to the class.

Reviews

Write a Review

Business Management Questions & Answers

  Changes in the position of the phillips curve over time

Finally, what possible explanations do you think exist for changes in the position of the Phillips Curve over time?

  Describe behavior of your number one targeted segment

Describe a behavior of your number one targeted segment. How would you facilitate your communications?

  Wrong people driving change and problems

The wrong people driving change and problems may prevail having everything to do with people which will affect the bottom line and shareholder value.

  Management in life

You have just been elected president of your co-ed business fraternity at your university. You joined the fraternity during your freshman year

  Explain the four categories of legal protections

Refer to Table 18.1 on page 629 in your textbook, and read the related text. From that information, summarize and explain the four categories of legal protections against wrongful discharge. Write a good introductory sentence to set up your essay, an..

  Explain the impact that democratic socialism

Explain the impact that democratic socialism has had on the political development of Jamaica and the role played by ANY relevant Jamaican political figure in th

  From my international business experience

How has globalization impacted your company or the industry in which you work (or an industry of your choice)? Provide a specific example.

  Challenges for the economy of country

M- business and commerce and their impact on B2C and B2B interactions. What advantages and challenges for the economy of your country these developments

  Negligence for causing the car accident

Explain who is liable for Dave's negligence for causing the car accident, and explain who is liable for Dave's intentional tort for punching Victor. Provide your answers in a case analysis of a minimum of 500 words. Cite any direct quotes or parap..

  Evaluate the effectiveness of a strategic plan

Keeping in mind the aspects of planning, leading, organizing, and controlling, explain how you would evaluate the effectiveness of a strategic plan.

  Find out the incorporate the diversity

Imagine that you are the CEO of a shoe company. Your potential market for selling these shoes is endless. Consider how you can best tap into the diversity withi

  Explain how would you investigate the criterion-related

you hired all of the applicants, regardless of their test scores. Explain how would you investigate the criterion-related validity of the test

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd