Why can the insurance company make offer

Assignment Help Management Theories
Reference no: EM131647503

Question: Fire insurance. Insurance companies collect annual payments from homeowners in exchange for paying to rebuild houses that burn down.

a) Why should you be reluctant to accept a $300 payment from your neighbor to replace his house should it burn down during the coming year?

b) Why can the insurance company make that offer?

Reference no: EM131647503

Questions Cloud

How much will this investment be worth : You are considering an investment for your retirement which would entail $1,000 payments each year for 30 years. The investment will pay 6 percent interest.
Write a research paper on an issue of your choosing on race : For your research paper you are to write a research paper on an issue of your choosing on race/ethnicity and criminal justice.
What are important factors to consider when leading teams : What are important factors to consider when leading teams within the various levels of the organization
Are the airlines due to have a crash : If the airline industry proudly announces that it has set a new record for the longest period of safe flights, would you be reluctant to fly?
Why can the insurance company make offer : Fire insurance. Insurance companies collect annual payments from homeowners in exchange for paying to rebuild houses that burn down.
Configure a web server on dedicated machine : ITC542 - Internetworking with TCP/IP Assessment - Research Network Design. WEB Server: Configure a WEB server on dedicated machine
What market structure have you entered and why : What market structure have you entered, and why? What can you do to guarantee success in this market? What pricing strategy might you use?
Examine the international gaming technology : Jackpot. On January 20, 2000, the International Gaming Technology company issued a press release: (LAS VEGAS, Nev.)-Cynthia Jay was smiling ear to ear.
Discuss your feelings about the use of affirmative action : In this reflection paper assignment, discuss your feelings about the use of affirmative action in a law enforcement organization.

Reviews

Write a Review

Management Theories Questions & Answers

  Fast fashion from savvy systems

Fast Fashion from Savvy Systems

  Write on sustainable management of hospitality enterprises

Write a report about Sustainable Management of Hospitality Enterprises. Word Limit: 2500 words. Flow of the Report. 1) Executive summary. ( Excluding 2500 words) 2) Introduction. 3) Sustainablity.

  Discuss the intrinsic and extrinsic work values

Why might two employees with the same job develop different attitudes toward it?

  What aspects of personality might tend to increase

Explain how personality, satisfaction, motivation and job characteristics can make an individual more or less susceptible to the effects of work pressure and stress? What aspects of personality might tend to increase or decrease work pressure and str..

  If an entrepreneur were to become obsessed

What problems might be anticipated if an entrepreneur were to become obsessed with one of these rewards-for example, if she or he had an excessive desire to accumulate wealth, operate independently, or achieve a particular lifestyle?

  Ienhart, john w. academy of management executive

Thomas, Terry; Schermerhorn Jr., John R.; Dienhart, John W. Academy of Management Executive. May2004, Vol. 18 Issue 2, p56-66. 11p. 2 Diagrams. DOI: 10.5465/AME.2004.13837425.  Retrieved from the Business Source Premier Database.

  Define the statement an check do you agree or not

"Television viewers are passive viewers of ads whereas Internet users take an active role in choosing what to look at-so customers on the Internet are tougher.

  Research federal and state legislation

Research federal and state legislation related to child care, parental leave, and elder care benefits for employees. Are specific trends emerging?

  Describe how you will cancel a recurring service

Suppose that you and two or three other students have decided to start a business that offers landscaping services. Your goal is to develop a list of clients.

  Which contributor to productivity would you identify

In any production process, when one factor limits what can be produced and other factors are in abundant supply.

  Explain as it relates to integrated social contract theory

"Business ethics should be viewed more as a story in the process of being written than a moral code like the Ten Commandments." Explain your answer as it relates to Integrated Social Contract Theory (ISCT).

  Define level strategy of aggregate planning

Is a chase or level strategy more appropriate for aggregate planning in an air conditioning manufacturing plant where demand is highly seasonal.

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