Essentials of Business Communication (MindTap Course List)
11th Edition
ISBN: 9781337386494
Author: Mary Ellen Guffey, Dana Loewy
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 6, Problem 12CT
Summary Introduction
To determine: The reason for making a claim and its correct procedure.
Introduction: Making a claim is just a formal request to an insurance company for the compensation or coverage for policy event or covered loss.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
Assume that an amazing job is offered to you by a campus to collect funds for the SZABIST’s sports program and you accepted that offer. You are now told to draft a fundraising letter. If you want to raise as much money as possible, would it be better if the text of that section mentioned that your business school is ranked among the best leading university in the nation in sports or that you are better than 99 percent of other businessschools at sports? Explain this behavior?
Management
You are a financial advisor working for a brokerage firm, and you have been approached by a potential investor who is interested in purchasing a complex financial product that you know to be high-risk and potentially unsuitable for their investment goals. The investor is insistent on purchasing this product, and you are concerned about the potential for financial harm if they go through with the purchase.
What steps would you take to protect the investor's interests and ensure that they are fully informed about the risks of the investment? Please provide a detailed explanation of the actions you would take and the factors you would consider when advising the investor on this potential investment.
You are an employee working in the accounts office of Ukweli company listed on the Nairobi stock Exchange, and while working late one evening during the week, you realized that you had left your expensive pen in the boardroom at an earlier meeting and, given its value, you went upstairs to look for it. As you approached the door you heard the following discussion which was between the company C.E.O (Chief Executive Office and Brian (a Non -Executive director).
“C. E.O: I am deeply concerned that if this fall in profit figures is disclosed in the next annual report, there will be all sorts of problems with the shareholders. We may even lose a number of big investors.
Brian (also the cousin of the Chief Executive): (large sigh) Well, I suppose we could always find a way of making them look better.
C.E.O: How? I can't see it at all.
Brian: Well, we could make them just slightly higher than last year's figures by including the proceeds of the sales of our toothbrush division.
C.E O: But…
Chapter 6 Solutions
Essentials of Business Communication (MindTap Course List)
Knowledge Booster
Similar questions
- If a CEO of a not-for-profit hospital is doing an excellent job, should she be rewarded by the governing board with a substantial pay increase? If she is, what are some of the potential legal ramifications? What if the CEO’s pay has traditionally been very low, and this increase now puts her compensation in line with other similar not-for-profit hospitals?arrow_forwardWhile working as a new employee at the Defense Contracting Audit Agency, you noticed that a fellow employee was studying intensely for the Financial Accounting section of the CPA test. You planned to sit for that test section in two months, and your colleague was sitting for that test section next Thursday. On Thursday evening, you phoned your friend to see how she was doing after the test. She thanked you for being considerate and told you that she was emotionally drained. Nonetheless, she then kept you on the phone for 15 minutes, telling you about the “nasty” Statement of Cash Flows and Consolidation problems she encountered. What is the ethical issue? Did either of you commit a discreditable act under the Code of Conduct?arrow_forwardThis is a Business Law Question? 1. Usually, both a plaintiff and defendant can demand a jury trial in cases asking for cash damages. If you were involved in a trial with $50,000 at stake, would you want a jury trial? Would you trust a group of strangers to arrive at a fair verdict, or would you prefer a judge to decide the case? Would your answer depend upon whether you were the plaintiff or defendant? Describe some of the advantages and disadvantages of both a jury trial or a bench trial. 2.The Supreme Court has defined public figures as those who have “voluntarily exposed themselves to increased risk of injury by assuming an influential role in ordering society.” When deciding whether someone is a public figure, courts look at whether this person has received press coverage, sought the public spotlight, and has the opportunity to publicly rebut the accusations. Some have argued that social media makes anyone with a public Facebook profile or a certain number of Twitter followers a…arrow_forward
- 1-All businesses must start out as sole proprietorships before they can be partnerships. True or False 2-The right of survivorship attaches to joint tenants. True or False 3-Degree of control that one person exercises over the other is sufficient to determine whether there is an employment relationship. True or Falsearrow_forwardWhat can a company do to aid with confidentiality and to reduce or eliminate retaliation?arrow_forwardSuppose you work in a police station or a law firm and signed a confidentiality agreement regarding all their cases at hand, suddenly your friend who was a suspect to a crime asked you for some documents that are in your office's possession that may help him in his case. How would you deal with the situation? Briefly write your reaction to this seenario.arrow_forward
- Ayesha, a fundraising manager at a non-profit organization, her responsibility is to: approach businesses, local authorities, trusts and individuals to secure funding. Moreover, organizing and helping with fundraising activities such as sponsored or promotional events. She has a Conscientiousness personality and had experienced a bad incident last year with the public relations manager of a banking company who had committed to sponsor a charity event and then backed out at the last minute. This year, when a renowned international bank’s manager showed interest in sponsoring the Organization’s upcoming annual event, Ayesha rejected their participation. She felt that banks have a casual approach toward charity events and it is risky to involve them in the event.a. Do you think Ayesha’s attitude and behavior will or will not change over time? Explainb. Does personality have any influence on Ayesha’s decision? Relate it to Big Five Model of Personality Dimension and explain how it predicts…arrow_forwardAyesha, a fundraising manager at a non-profit organization, her responsibility is to: approach businesses, local authorities, trusts and individuals to secure funding. Moreover, organizing and helping with fundraising activities such as sponsored or promotional events. She has a Conscientiousness personality and had experienced a bad incident last year with the public relations manager of a banking company who had committed to sponsor a charity event and then backed out at the last minute. This year, when a renowned international bank’s manager showed interest in sponsoring the Organization’s upcoming annual event, Ayesha rejected their participation. She felt that banks have a casual approach toward charity events and it is risky to involve them in the event. Do you think Ayesha’s attitude and behavior will or will not change over time? Explain Does personality have any influence on Ayesha’s decision? Relate it to Big Five Model of Personality Dimension and explain how it predicts…arrow_forwardAyesha, a fundraising manager at a non-profit organization, her responsibility is to: approach businesses, local authorities, trusts and individuals to secure funding. Moreover, organizing and helping with fundraising activities such as sponsored or promotional events. She has a Conscientiousness personality and had experienced a bad incident last year with the public relations manager of a banking company who had committed to sponsor a charity event and then backed out at the last minute. This year, when a renowned international bank’s manager showed interest in sponsoring the Organization’s upcoming annual event, Ayesha rejected their participation. She felt that banks have a casual approach toward charity events and it is risky to involve them in the event. What changed Ayesha’s attitude? Support your answer with a theory or an example. Does personality have any influence on Ayesha’s decision? Relate it to Big Five Model of Personality Dimension and explain how it predicts…arrow_forward
- Which documents will be used to verify accrued property taxesand the related expense accounts?arrow_forwardYour best friend is considering a career in sales. What are the benefits of a sales career that you would share?arrow_forwardWhich of the following is the most accurate statement about the duty of loyalty? A. It obligates people in fiduciary relationships or positions of trust to act with the skill and attention normally exercised by ordinary prudent persons in similar positions. B. It obligates people in fiduciary relationships or positions of trust to act in their own best interest. C. It obligates people in fiduciary relationships or positions of trust to a duty of derivation. D. It obligates people in fiduciary relationships or positions of trust to a act in the best interest of their beneficiary.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- BUSN 11 Introduction to Business Student EditionBusinessISBN:9781337407137Author:KellyPublisher:Cengage LearningEssentials of Business Communication (MindTap Cou...BusinessISBN:9781337386494Author:Mary Ellen Guffey, Dana LoewyPublisher:Cengage LearningAccounting Information Systems (14th Edition)BusinessISBN:9780134474021Author:Marshall B. Romney, Paul J. SteinbartPublisher:PEARSON
- International Business: Competing in the Global M...BusinessISBN:9781259929441Author:Charles W. L. Hill Dr, G. Tomas M. HultPublisher:McGraw-Hill Education
BUSN 11 Introduction to Business Student Edition
Business
ISBN:9781337407137
Author:Kelly
Publisher:Cengage Learning
Essentials of Business Communication (MindTap Cou...
Business
ISBN:9781337386494
Author:Mary Ellen Guffey, Dana Loewy
Publisher:Cengage Learning
Accounting Information Systems (14th Edition)
Business
ISBN:9780134474021
Author:Marshall B. Romney, Paul J. Steinbart
Publisher:PEARSON
International Business: Competing in the Global M...
Business
ISBN:9781259929441
Author:Charles W. L. Hill Dr, G. Tomas M. Hult
Publisher:McGraw-Hill Education