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CAIB 4 Bundled Exams Questions and Answers 100% Verified and Updated 2024 | Graded A
CAIB 4 Bundled Exams Questions and Answers 100% Verified and Updated 2024 | Graded A
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- CAIB 4 - Chapter 2 Exam Questions and Answers 100% Pass • Exam (elaborations)
- CAIB 4 Chapter 2 Exam Questions and Answers 100% Pass • Exam (elaborations)
- CAIB 4 Chapter 4 Exam Questions and Answers 100% Correct • Exam (elaborations)
- CAIB 4, chapter 9 Exam Questions and Answers 100% Pass • Exam (elaborations)
- CAIB 4- Chapter 3 Exam Questions and Answers 100% Pass • Exam (elaborations)
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CAIB 4 Bundled Exams Questions and Answers 100% Verified and Updated 2024 | Graded A
CAIB 4- chapter 7 Exam Questions and Answers 100% Pass
CAIB 4- chapter 7 Exam Questions and Answers 100% Pass Briefly identigy four levels of client relationships and briefly describe each- - Answer- Hands-on These relationships involve very close and personal interactions that may involve physical touching Face to face client interact with company personnel on a regular basis where they actually meet with employees, they see and talk with company personnel Distant Technology is used to provide interaction between clients and company staff...
- Exam (elaborations)
- • 4 pages •
CAIB 4- chapter 7 Exam Questions and Answers 100% Pass Briefly identigy four levels of client relationships and briefly describe each- - Answer- Hands-on These relationships involve very close and personal interactions that may involve physical touching Face to face client interact with company personnel on a regular basis where they actually meet with employees, they see and talk with company personnel Distant Technology is used to provide interaction between clients and company staff...
CAIB 4 Chapter 6 Exam Questions and Answers 100% Pass
CAIB 4 Chapter 6 Exam Questions and Answers 100% Pass Identifying the three meanings given to marketing in the insurance world. - Answer- 1. Placing of business by an insurance brokerage with various insurers. 2. Insurance companies promoting their products to brokerages 3. Insurance companies promoting their products to consumers. Marketing may be defined as a system of business activities which are designed to plan, promote, price and distribute want-satisfying products, services and id...
- Exam (elaborations)
- • 19 pages •
CAIB 4 Chapter 6 Exam Questions and Answers 100% Pass Identifying the three meanings given to marketing in the insurance world. - Answer- 1. Placing of business by an insurance brokerage with various insurers. 2. Insurance companies promoting their products to brokerages 3. Insurance companies promoting their products to consumers. Marketing may be defined as a system of business activities which are designed to plan, promote, price and distribute want-satisfying products, services and id...
CAIB 4 – Marketing Exam Questions and Answers 100% Correct
CAIB 4 – Marketing Exam Questions and Answers 100% Correct Define positioning advantage - Answer- Refers to how the brokerage is perceived by clients in relation to competing brokerages. "image of the brokerage" Positioning is in relation to other brokerages operating in the same environment Image is the clients perception of the brokerage Three ways a brokerage can be positioned in relation to its competition - Answer- 1. Low or high priced 2. Low or high service quality 3. Faster...
- Exam (elaborations)
- • 8 pages •
CAIB 4 – Marketing Exam Questions and Answers 100% Correct Define positioning advantage - Answer- Refers to how the brokerage is perceived by clients in relation to competing brokerages. "image of the brokerage" Positioning is in relation to other brokerages operating in the same environment Image is the clients perception of the brokerage Three ways a brokerage can be positioned in relation to its competition - Answer- 1. Low or high priced 2. Low or high service quality 3. Faster...
CAIB 4 Chapter 8 Exam Questions and Answers 100% Pass
CAIB 4 Chapter 8 Exam Questions and Answers 100% Pass Technology development has had a major impact on the insurance industry. It has completely transformed the way information is recorded and transmitted between the parties involved in insurance transactions. Identify five functions that the effective utilization of technology will allow brokers to realize. - Answer- 1. Improve client service levels 2. Store information safely and convenietly 3. Reduce operating costs 4. Handle large v...
- Exam (elaborations)
- • 10 pages •
CAIB 4 Chapter 8 Exam Questions and Answers 100% Pass Technology development has had a major impact on the insurance industry. It has completely transformed the way information is recorded and transmitted between the parties involved in insurance transactions. Identify five functions that the effective utilization of technology will allow brokers to realize. - Answer- 1. Improve client service levels 2. Store information safely and convenietly 3. Reduce operating costs 4. Handle large v...
CAIB 4 Exam Questions and Answers 100% Pass
CAIB 4 Exam Questions and Answers 100% Pass 4 Forms of operating affiliations - Answer- loosely knit, general purpose groups, clusters, common identity groups What are the considerations when evalutating operating affiliations - Answer- services and support, exclusivity, fees, contractual agreement, financial strength What is the law of agency - Answer- when one entity acts on behalf of another 6 activities with human resources management function - Answer- planning, selecting, orienting,...
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CAIB 4 Exam Questions and Answers 100% Pass 4 Forms of operating affiliations - Answer- loosely knit, general purpose groups, clusters, common identity groups What are the considerations when evalutating operating affiliations - Answer- services and support, exclusivity, fees, contractual agreement, financial strength What is the law of agency - Answer- when one entity acts on behalf of another 6 activities with human resources management function - Answer- planning, selecting, orienting,...
CAIB 4 Chapter 7 Exam Questions and Answers 100% Pass
CAIB 4 Chapter 7 Exam Questions and Answers 100% Pass Identify and briefly explain the four different types of relationships that can exist at different levels. - Answer- Hands-on/High Involvement - These relationships are among the closest of relationships that clients can have with service providers. I.e. doctor, dentist, massage therapist. Face-to-face - This is another type of relationship that is characterized by client interaction with the company on a regular basis and in a persona...
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- Exam (elaborations)
- • 6 pages •
CAIB 4 Chapter 7 Exam Questions and Answers 100% Pass Identify and briefly explain the four different types of relationships that can exist at different levels. - Answer- Hands-on/High Involvement - These relationships are among the closest of relationships that clients can have with service providers. I.e. doctor, dentist, massage therapist. Face-to-face - This is another type of relationship that is characterized by client interaction with the company on a regular basis and in a persona...
CAIB 4 Chapter 10 Exam Questions and Answers 100% Pass
CAIB 4 Chapter 10 Exam Questions and Answers 100% Pass State the purpose achieved by monitoring - Answer- Monitoring determines what is being accomplished, evaluating results, taking steps to perpetuate positive results and steps to correct negative results. Identify four activities involved in monitoring - Answer- A Management Information Systems Standard & Benchmarks Results Corrective actions Identify Four Characteristics of management information systems - Answer- Simplicity Acces...
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- Exam (elaborations)
- • 2 pages •
CAIB 4 Chapter 10 Exam Questions and Answers 100% Pass State the purpose achieved by monitoring - Answer- Monitoring determines what is being accomplished, evaluating results, taking steps to perpetuate positive results and steps to correct negative results. Identify four activities involved in monitoring - Answer- A Management Information Systems Standard & Benchmarks Results Corrective actions Identify Four Characteristics of management information systems - Answer- Simplicity Acces...
CAIB 4 Chapter 2- Study Guide Questions with 100% Correct Answers
CAIB 4 Chapter 2- Study Guide Questions with 100% Correct Answers Organizing involves determining the way the brokerage's activities will be divided into manageable units. Identify 3 elements to organizing effectively. - Answer- 1. Creating an Organizational Structure 2. Defining employee relationships 3.Establishing Position Descriptions Identify 3 basic forms of organizational structure based on the way authority and responsibility is delegated. - Answer- 1. Line Organization- best su...
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- Exam (elaborations)
- • 11 pages •
CAIB 4 Chapter 2- Study Guide Questions with 100% Correct Answers Organizing involves determining the way the brokerage's activities will be divided into manageable units. Identify 3 elements to organizing effectively. - Answer- 1. Creating an Organizational Structure 2. Defining employee relationships 3.Establishing Position Descriptions Identify 3 basic forms of organizational structure based on the way authority and responsibility is delegated. - Answer- 1. Line Organization- best su...
CAIB 4 - Book Practice Questions with 100% Correct Answers
CAIB 4 - Book Practice Questions with 100% Correct Answers What are the similarities between a strategic plan and an action plan? - Answer- They are both critical steps in the success of a brokerage They both flow from the mission statement They both use the same process (top down/bottom up) What are the differences between a strategic plan and an action plan? - Answer- strategic plans are for three to five years; action plans are for one year strategic plans apply to the brokerage as a...
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- • 14 pages •
CAIB 4 - Book Practice Questions with 100% Correct Answers What are the similarities between a strategic plan and an action plan? - Answer- They are both critical steps in the success of a brokerage They both flow from the mission statement They both use the same process (top down/bottom up) What are the differences between a strategic plan and an action plan? - Answer- strategic plans are for three to five years; action plans are for one year strategic plans apply to the brokerage as a...
INSY-3303 FINAL EXAM STUDY GUIDE WITH COMPLETE SOLUTIONS
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