What are the steps in the loss adjustment process?
What will be an ideal response?
The loss adjuster must 1 ) investigate the reported loss to determine the facts, 2 ) order a copy of the policy to determine if the loss should be covered, 3 ) recommend denial or payment of claim, and 4 ) determine the amount of loss.
Business
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Departments that mostly provide services to other units and charge those units for services rendered should be evaluated as ________ centers
A) cost B) profit C) investment D) revenue
Business
Refer to the Ace Electronics annual report above. Using vertical analysis, 2011 Cost of goods sold would be represented as ________
A) 267% B) 105% C) 42% D) 38%
Business