Question: Loss data can be misleading if not considered in proper context. For example, the VP of Human Resources at your company is mortified that workers

Loss data can be misleading if not considered in proper context. For example, the VP of Human Resources at your company is mortified that workers compensation losses for the past year have doubled from the prior year. You remind him that the company acquired another firm at the end of the prior year and the business has also experienced organic growth that resulted in the number of employees (headcount) and total payroll to triple this year. By indexing the workers compensation losses to the payroll and/or headcount measures of exposure units, the VP of HR now realizes that the workers compensation situation appears to have actually improved this year. He breathes a sigh of relief and thanks you for pointing out the importance of analyzing loss data in the context of exposure units. Which of the following are also exposure units that can be used to index losses of various types? (Check all that apply.)Group of answer choicesJob candidates interviewedSquare footageNumber of licenses heldVehicles by typeProperty values (book value, ACV, replacement cost)Gross receipts or revenueAnnual mileageOSHA Fines paid

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!