How many claims can the company process per month

Assignment Help Business Law and Ethics
Reference no: EM131841434

An insurance company processes two types of claims: Life and Property. The capacity of processing life claims is 500 per month. The capacity of processing property claims is 1,000 per month. The capacity of property claims is 500 per month.

The capacity of processing property claims is 1,000 per month. Assuming a common bottleneck:

How many claims can the company process per month

500 life & 1,000 property

500 life or 1,000 property

250 life & 500 property

100 life & 800 property

400 life & 200 property

What is the Life claim Unit Load of the (common) bottleneck resource pool (month/claim)?

What is the Property claim Unit Load of the (common) bottleneck resource pool (month/claim)?

What is the artificial 50/50 mix claim Unit Load of the (common) bottleneck resource pool (month/claim)?

How many claims can the company process per month (process capacity for a 50/50 mix)?

Reference no: EM131841434

Questions Cloud

Write a program that reads a java source file : Write a program that reads a Java source file and produces an index of all identifiers in the file. For each identifier, print all lines in which it occurs.
Choices based on the possible outcomes of choices : To what extent do you think human beings make moral choices based on the possible outcomes of their choices? Be specific, giving examples and illustrations.
Write a paper on virtual communication : Write a paper on Virtual Communication - The head of the IT department in the organization is very interested to create a flexible working environment
Behavior to different situations : To what extent do you think human beings need rules in order to be moral, and to what extent do you think they should be free to adapt their behavior
How many claims can the company process per month : What is the Life claim Unit Load of the (common) bottleneck resource pool (month/claim)?How many claims can the company process per month?
Illustrate that a trade discount series : Use an example to illustrate that a trade discount series of 20/10 is not the same as a discount of 30%. Why are the discounts not the same?
What are the advantages of the waterfall planning model : In considering how to make a big change in organizational operations (as in the case of switching to CCPM), why might it be necessary to focus on changing.
Survival time for patients : A screening test for a certain disease detects it on average two years earlier than was previously possible.
Write a program that keeps a map : Write a program that keeps a map in which both keys and values are strings-the names of students and their course grades.

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Legal environment of business caselet

The assignment in Law deals with the topic "Legal Environment of Business". A case study about Mary, a newly joined employee who is working in the USA and Europe. She faces few issues at her work place in Europe and tries to talk to her manager who s..

  Business ethics & legal issues caselet

This assignment is about the concept of Business Ethics & Legal Issues. The laws relating to these can be found in Antitrust laws. These laws are concerned with those large corporations which have a majority of market share, mergers and acquisitions.

  Questions on business law and ethics

Examples of securities that are exempted from the registration provisions of the 1933 Act and involving misstatement of material facts in a prospectus.

  Discuss the doctrine of ratification of pre-incorporation

With the aid of a decided cases, discuss the doctrine of ratification of pre-incorporation contract.

  Discuss the extent of phoenixing activity

It has been estimated that about 6,000 phoenix companies operate in Australia, costing government and the community hundreds of millions of dollars per year and impacting on individuals.

  Application of law to facts

Company Law, Application of Law to Facts and Conclusion.

  Question on business law and ethics

This assignment related to business law.

  Questions on business law

Answer all the questions under business law.

  Iidentify the issue raised by the facts

Iidentify the issue(s) raised by the facts, identify the relevant legal principles, apply the relevant legal principles to the facts, reach a conclusion.

  Evaluation of software development

Prepare a report and present an evaluation of the subsequent methodologies for software development in terms of cost, resources and time.

  Business value and ethics

Business value and ethics,  Bart agrees to put Sam's Super Bowl champion-ship autographed football in his sports store to sell for $1,500. Sam agrees to pay Bart a 15% commission for selling the ball. If Joe comes in the sports store and offers Bart ..

  Explain what is meant by income by ordinary concepts

Advise what tax consequences arise in respect of the payments.

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