...make. There are so many questions to ask and variables to consider. Both quantitative and qualitative variables should be researched. Making the wrong choice can be a costly mistake. The Fields’ household has decided to look into purchasing a small SUV. They have narrowed it down to a new (2015) or used (2012) Chevrolet Equinox verses a new (2015) or used (2012) Ford Escape. Then again, depending on budgets, payments, and other multiple variables – they may not buy at all. The Fields’ are thinking of upgrading to a larger vehicle from very small, low miles per gallon, high cost to insure, but paid off 2007 Ford Mustang. Just a few of the variables they must consider are cost of the vehicle (monthly payments), depreciation, cost of insurance, gas mileage, safety features, and style. They must also consider the best fit for the family. Some of these variables will be more qualitative measures. They have a teenage son who plays basketball. He is very tall and needs to fit comfortably in the SUV. He also needs the extra room in the back to haul all of his basketball gear. Not to mention, he wants to look cool being dropped off at school. They also have a daughter who is in college. She likes the extra room to haul her friends around, and of course she wants a good-looking vehicle as well. Both Mr. and Mrs. Fields need the extra room for luggage for their weekend trips. Overall the Fields want a safe, sporty, and reliable vehicle with good gas mileage that will last...
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...ADDITIONAL NOTE ON PROGRESSIVE CASE (TO BE CONSIDERED FOR CASE ANALYSIS) In March 2000 Progressive began to offer a new product: homeowners insurance. Made available first in an Arizona pilot, the program was extended to Michigan in October 2000, Maryland in January 2001, and Illinois in September 2001. Marketed initially through specially selected and trained independent insurance agents, Progressive’s homeowners policies were eventually to be\ offered, along with its primary product, auto insurance, through the company’s two direct channels, its 800-number and web site. Many consumers sought the convenience of bundling auto and homeowners insurance rather than dealing with separate companies for each policy. Some insurers even offered discounts to customers who consolidated their coverage. Progressive executives thus viewed homeowners insurance as a natural extension of the company’s auto-insurance product suite. In 1997 Progressive ran a trial partnership in Ohio with Travellers Casualty, a major player in homeowners insurance, whereby consumers were offered homeowners quotes when they called for auto insurance. By 2000, Progressive had decided to offer its own homeowners product. 2 The product was launched slowly in select states. The move into homeowners seemed an obvious choice for Progressive. The data-driven company had success in providing auto insurance rates that more accurately (and less expensively) reflected individual consumers’ coverage needs. Cross-selling to...
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...Systems – for BIGHOSP, a major hospital.(4) 3 2.4.1 Purpose 3 2.4.2 System Users 3 2.4.3 Inputs to the System 4 2.4.4 Outputs from the System 4 3. HomeQuotes Solution 4 3.1 Mission 4 3.2 Functional Requirements 4 3.3 System-Level Use Cases 5 3.4 System-Level Constraints 5 4. Appendices 6 5. References 6 Introduction Information System is a judicious mixture of people, data, processes and information technology that collectively gather, process, store and provide the needed information as output, to users that will help support the organization. There are two parts to this assignment. The first part, explains four different types of information system for a given industry. The second part uses the System analysis methodology to implement a solution for HomeQuotes company. Assignment Part 1 Management Information Systems - for WallGray’s pharmacy chain.(1) Purpose The primary purpose of this system will be to collect both product and patient-focused parameters from different locations and use this information to estimate demand, allocate resources and monitor operations in each of these locations....
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...ANZ BANK Product: Insurance ANZ, is the 4th largest bank by market capitalisation In Australia,. The Australian operations make up the largest part of ANZ business. ANZ is the largest bank in New Zealand. They merged with New Zealand they merged with New Zealand National Bank in 2003 and were called ANZ Bank New Zealand in 2012. ANZ was established on First October 1951 when the bank of Australasia was merged with the Bank of Australia Limited and before both these banks merged there was the Unioun bank of Australia which was in existence since 1840. ANZ is headquartered in Melbourne and its headquarters for New Zealand is in Auckland. and in New Zealand alone they have about 9000 employees. Some of their key Services are: Cheque accounts Insurance Consumer finance ANZ vision statement as quoted by Susie Babani the group Managing Director says that ANZ banks on their employees Defining Insurance It’s a contract in which a person receives financial protection against losses from a insurance company, The insurance company collects clients risks to make payments more affordable for the insured. ANZ offers different types of Insurance some of the insurance they offer are Personal Insurance : insurance of humans against the risks of death or health Business Insurance : Managing the risk of your business or running operations ,Anz is there to cover future. ...
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...Mathematics and Driving FSDr1 Costs of purchase and insurance FSDr2 Running costs and depreciation | Marks: Part A -Report (40%) Part B- In class Assessment Task (60%) | Weighting: 20 % | Outcomes to be assessed: MGP-1 uses mathematics and statistics to compare alternative solutions to contextual problems MGP-2 represents information in symbolic, graphical and tabular form MGP-3 represents the relationships between changing quantities in algebraic and graphical form MGP-5 demonstrates awareness of issues in practical measurement, including accuracy, and the choice of relevant units MGP-6 models financial situations relevant to the student’s current life using appropriate tools MGP-7 determines an appropriate form of organisation and representation of collected data MGP-8 performs simple calculations in relation to the likelihood of familiar events MGP-9 uses appropriate technology to organise information from a limited range of practical and everyday contexts MGP-10 justifies a response to a given problem using appropriate mathematical terminology. | Buying a car Candice is 24 years old, single and lives in Orange, New South Wales. She works full-time (five days per week) at Bathurst Base Hospital in Bathurst. Candice needs to purchase a car to travel to and from work and to use on weekends. She estimates that, on average...
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...Vehicle insurance has functions besides guarding your automobile or truck. additionally, it shields your health and funds, moreover as safeguarding alternative people and their cars. browse higher than your set up once you have gotten it to make sure that it covers what you think that it need to. the recommendation within the following paragraphs is created to point out you obtaining one amongst the foremost protection from your motorcar insurance for the terribly slimmest of cash. This is a frequent perception that insurance premiums decline the instant a young vehicle driver reaches the miracle age of twenty five. insurance commences heading down at around eighteen, in line with their history. They variety of automobile you acquire can have...
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...The split of Insurance Products and Services in the Market Place E-1600 Economics of Business Professor R. Wayland Authors Steven Washburn Glenn Tam Derio Chan Anupam Raman Robert Rothschild Varun Malhotra Tiffany Hart December 9, 2014 Hypothesis On several levels, the Internet and related advances in technology have significantly affected financial services broadly, and insurance markets more specifically. When combined with globalization and regulatory reform, these advances have forced the insurance industry to become more competitive. We will discuss here specifically the split or disruption in the insurance business with a focus on the auto insurance product and less complex personal insurance products. These two products are on a trajectory to become fully commoditized with little or no agency interaction within 30 years. To the extent that the Internet reduces transaction costs, it also creates opportunities for new intermediaries as well as existing ones. It also has a natural influence on product design. For example - in some cases it is economically attractive to unbundle and repackage various forms of coverage. We will discuss this further in reference to driverless cars and bundling the insurance with the product later in the paper. This paper is organized in the following manner. First, we will briefly look at internet trends as the introduction. Next we will summarize the traditional insurance business, and the reduction of transaction...
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...How To Choose A Cost Effective Training Provider Dr Patrick White HRM Global Ltd www.hrmglobal.co.uk +44 (0)2079399910 info@hrmglobal.co.uk Introduction ................................................................................................................ 3 1 Define Your Training Needs And Limitations ...................................... 4 2 Solicit Proposals And Do Your Research ................................................ 6 3 Evaluate Expected ROI For Your Training Investment ................. 8 4 Negotiate And Customize Where Necessary ....................................... 9 5 Make Your Final Choice With Confidence ............................................ 11 © HRM Global Limited 2010 All Rights Reserved Note: By its nature, the material contained in this e-book has to be general and not intended as specific advice on any particular matter or situation that the reader might find themselves in. HRM Global Ltd and the author disclaim all and any liability to any persons whatsoever in respect of anything done by any such person in reliance, whether in whole or in part, on this e-book. 2 Introduction Training is no small item in the company budget, nor is it an activity which can ignored as a consumer of personnel resources. According to the 2008 American Society for Training and Development (ASTD) State of the Industry report, the average worker spends more than 40 hours a year at training. Best in class businesses provide upwards of...
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...you would now have to start all over again in order to buy a new house. But then imagine not having to lose it all. Imagine having the option to call someone who can provide you with a large part of the money necessary to rebuild your house, as this was part of a financial agreement in case of such emergencies. What a relief! This is the essence of insurance. Insurance is a financial security that offers reimbursement for assessed risks that end up actually happening. In exchange for such coverage, the insured individual has to pay a regular premium. Though this reimbursement won’t bring back the individual’s burnt-down house or stolen car, it does offer options and choices with regards to dealing with the situation. It gives the individual peace of mind in knowing that should any danger arise, there will always be a way to overcome it. Without insurance, all loses sustained become unrecoverable, the owner loses it all, and has to replace it using more money from his or her own pocket. However, with insurance, this lose is less painful. The insurance company will pay for a large part of the loss. Though this concept of insurance is pretty straight-forward, it can seem pretty challenging to different people. As a consequence, it is...
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...Introduction: Introduction: Doing this organizational analysis, I wanted to further my knowledge about the car industry. The first prospect that came to mind was General Motors. I picked General Motors because of its popularity in the United States. I had some interesting general knowledge of the company like the dependability and quality of their cars. Some comments were, “I rather have a Chevy Truck than a Ford” and “The general motors cars are more dependable than Ford.” These comments made it clear that I liked the General Motors auto line of cars. Then, I asked myself what would be a cooperate company just as enormous. I came to a conclusion that Ford would be the other company. Though Ford has a nice line of cars, I had some negative thoughts about the company. Acronyms were said such as, “Found On Road Dead” or “Fix Or Repair Daily.” Each of those sayings had put a dent in my thoughts that I would not buy a Ford, not solely on those sayings, but also because of the influence of my parents and other such adverse publicity. These companies have a long-standing tradition in the U.S as manufacturing giants in the automobile industry, since they began here. With these two cooperategiants, I can evaluate and compare both companies financially. My over all preference. was to buy the General Motors line of cars; in doing this project I wanted to know if by researching each company if I would change my mind. Also, this will enable me to draw a conclusion on which company would...
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...North Country Auto Contents 1 The Case 2 1.1 Content 2 1.1.1 Background 2 1.1.2 Problems 3 1.2 Lessons 4 1.3 Case Analysis 4 1.3.1 Profitability of a transaction 4 1.3.2 Trade-in loss 5 1.3.3 UCS loses 5 1.3.4 What advice do you have for the owners regarding the new NCA structure? 6 2 Other Frameworks 6 2.1 Control 6 2.1.1 Input 6 2.1.2 Process 6 2.1.3 Output 6 2.2 Profit Plan 7 2.2.1 Profit wheel 7 2.2.2 Cash wheel 7 2.2.3 ROE wheel 7 2.3 Measuring divisional performance 7 2.4 Balanced Scorecard 8 2.5 Transfer Prices 8 2.6 Incentive system 9 2.7 Control levers to manage risk 9 2.7.1 Operations risk 9 2.7.2 Asset impairment risk 9 2.7.3 Competitive risk 9 2.7.4 Franchise risk 9 2.8 Final framework 10 3 Exhibits 10 Overview: The link between control systems and strategy The link between control systems and organizational structure (spans, cost/profit centers) The choice of what to control The profit plan Strategic profitability analysis (SPA) Designing asset allocation systems Measuring divisional performance The Balanced Scorecard (BSC) Transfer prices (TP) – calculation of prices, which method was used? Incentive systems Control levers to manage risk PM&CS as control levers The Case Content Background Company information Centralized company Franchised dealer and authorized service center for Ford, Saab and Volkswagen The dealership was situated in an upstate New York town with a population of about 20.000 The company maintains...
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...Internal auditing Case study QUESTION 1 SWOT analysis (alternatively SWOT matrix) is a structured planning method used to evaluate the strengths, weaknesses, opportunities, and threats involved in a project or in a business venture. Strengths There no strengths of this university | Weakness * One of the weaknesses of university was the inadequate segregation duty. Mr. Lockwood had a wide span of control and was unable breach certain policies .for example purchasing and university policies. * Another weakness is that the internal auditing department was not independent therefore it could not detect error or abasement of the university system. * The president did not perform is work effectively manner because he did not check in on vice president to ensure he was doing it effectively after giving so responsibility. * Promoting unethical conducts. For example lying to board about insurance companies. | Opportunities * One major opportunity is that they could reduce the amount of years they would be operating in deficits by raising the school fee. | Threats * One major threats is that university would operate at loss for the next biennium * Raising the school is also a threat because it might be higher that there competitors which force the customer to chose there competitors if they can offered it . | Question 2 How important is internal control in a university environment? Internal controls are the procedures that are put in place to help achieve the objectives...
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...project. From Model T’s to Web Sites Kelly Blue Book (K BB) began life in 1918 as Kelly Kar Company with three Ford model T’s for sale in an open lot in Los Angeles, California. By 1926 the company had grown and though to larger sites. Les Kelley, the founder, started distributing a list of automobiles that he wanted to purchase the other dealers, along with the prices that he would pay. Other dealers began to request a list for their own use because they trusted Kelley’s judgment on used car prices. By 1926 the list had been expanded to include all the cars and metamorphic into the first Blue Book of Motor Car Values. Meanwhile, Kelley’s used-car dealership had gone from one employee, his brother, Buster, to an employer of over 100 people, on its way to becoming the largest used car leadership in the world. This was possible because new car dealers did not sell used cars in those days, so the Kelleys not only bought the vehicles that they took in trade for new cars, but also what used cars directly from the public. During the Depression the Kelleys bought entire inventories of dealers who were forced out of business by the economy. Many customers did not know how to drive, so Buster Kelly would have to teach them how to drive their new...
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...Speed limits need to be raised, there is not much else to say about it. A higher speed limit would lessen time spent driving places, and increase the flow of traffic tremendously. Crash rates would go down due to people not having to worry about disobeying the law. Roads would be smoother, for reason that cars traveling at higher rates of speed require safer and smoother surfaces for safer travel. And with safer travel we will have faster travel In the article, “Raise the Speed Limit” the author speaks about a certain highway in Texas that has the highest marked speed limit in the entire country. The road is marked at 85 miles per hour, which saves a total of nine minutes in between the two governing towns that are trying to stay relevant and up to speed with the quickly increasing wave of urbanization. To add, crash rates have been decreasing substantially since 2011, which is big considering it is the lowest since 1949. With increasing speed limits and increasing technology within cars, there will be increasing opportunities for critics to say that raising speed limits will raise death rates. In “Higher Speed Limits May Save Lives”, the author addresses that statistics show, more than half of highway crashes are not caused by speed that is...
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...Running Head: CLEAN UP THE HOUSE 1 Clean Up the House: An Analysis of the Housing Crisis and the Endeavor to Lift the US Housing Market Neil Smith Wilmington University MBA 6400 Economic and Financial Environment of Business CLEAN UP THE HOUSE 2 ABSTRACT This is an inquiry of the Housing Crisis that culminated to the Great Recession of 2007-2009. A review of the aspects that led to the Housing Crisis will be considered. The causes that contributed to the Housing Crisis will range from the Community Reinvestment Act of 1977 to the greed and voracity that engulfed the Financial Markets. Such greed maligned the financial markets causing eventual bailouts and measures that the US Federal Government employed to avert a major financial depression. This paper will discuss definite recommendations that will improve the US Housing Market. CLEAN UP THE HOUSE 3 Clean Up the House: An Analysis of the Housing Crisis and the Endeavor to Lift the US Housing Market In today’s world it is generally accepted that a home is the most expensive thing that any American can buy. The idea of home ownership - a chance to own a home - is a dream fulfilled for many. To have a piece of property and call it your own is reflected...
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