Compare and contrast syndicated research with custom research
What will be an ideal response?
Syndicated research is general information collected by firms on a regular basis to be sold to other firms. Custom research is information collected for a single firm to provide answers to that firm's specific questions.
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Being too familiar with the environmental factors of the country where the research is being conducted can greatly increase the difficulty of understanding the problem's environmental context and uncovering its causes
Indicate whether the statement is true or false
West Coast Insurance writes property and liability insurance in California, Oregon, and Washington. These states are all susceptible to earthquakes
To help determine how much reinsurance to purchase, West Coast Insurance hired an organization to use a computer algorithm to estimate what its insured losses would be if a severe earthquake occurred. West Coast Insurance based its purchase of reinsurance on the loss estimates. This scenario illustrates using A) value-at-risk analysis. B) catastrophe modeling. C) risk mapping. D) a risk management information system.