INTRODUCTION Capital Mortgage Insurance Corporation (CMI) sells insurance to lenders protecting against mortgage default losses. They are a wholly owned subsidiary of Northwest Equipment Corporation. Following their acquisition in 1978‚ CMI’s goal has been to rebuild their business and diversify their services. Mortgage insurance is used to protect mortgage lenders (ie originators and/or underwriters) by transferring mortgage risk‚ and notably tail risk‚ from lenders to insurers. Insurers by their
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Appendix Trait theory Stogdill (1974) identified the following traits and skills as critical to leaders. Traits Skills Adaptable to situations Alert to social environment Ambitious and achievement-orientated Assertive Cooperative Decisive Dependable Dominant (desire to influence others) Energetic (high activity level) Persistent Self-confident Tolerant of stress Willing to assume responsibility Clever (intelligent) Conceptually skilled Creative Diplomatic and tactful Fluent
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1. What do you understand by Managerial Economics? Give Definition and meaning of Managerial Economics. Economics is the branch of Knowledge that deals with how the scarce resources can be used to produce valuable goods and services and distribute them efficiently among different classes of people in the society. What is Managerial Economics? Douglas - “Managerial economics is the application of economic principles and methodologies to the decision-making process within the firm or organization
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Introduction of Special Interest Tourism The tourism industry has changed over the years along with the socio-economic situations in many countries. Therefore‚ tourism markets that were popular twenty years ago are now in deterioration as travellers look for some kind of fulfilment and meaning at the destination. Special interest tourism (SIT) can be defined as a form of tourism that provides an enriching experience that is of special interest to visitors in addition to other leisure activities
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Running Head: TEXAS GOVERNMENT Funding‚ Interest Groups‚ Elections‚ and the Role Between State and Local Governments in Texas Maurice Adams Mr. George Lyon POL215 University of Phoenix Funding‚ Interest Groups‚ Elections‚ and the Role Between State and Local Governments in Texas The state of Texas receives the majority of funding from two sources; taxes and federal receipts. “Currently‚ Texas is one of nine states that does not levy a personal income tax on its residents and‚ in addition
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ECONOMICS conimists- 16th and 17th centuries. hysiocrats (farmers) ercantalists (traders) Father of Economics/ Father of the classical school of economic thought- Adam Smith (In 1776‚ he wrote ’An enquiry into the nature and causes of the Wealth of Nations’) According to Smith‚ self interest was an invisible hand which would work for the common benefit of the community. The Great Depression of 1929 was a phase in which supply exceeded demand. John Maynard Keynes (a British economist)
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Matthew Thomas Explain the importance of self-interest in Smith ’s economics. How is it related to the wealth of a nation? In order to answer this question we must first be very careful what is meant by self-interest. Smith was primarily a moral philosopher and concerned himself with drawing from history the patterns implicit to human nature. In The Theory of Moral Sentiments (Smith‚ 1759) Smith discusses in detail the conclusions he has drawn from this analysis concerning the framework for peoples
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The Insurable Interest Doctrine: What is it? And What Does It Mean? Evan B. Sorensen‚ Esq. Kenne J. Zielinski‚ Esq. Tressler LLP The Insurable Interest Doctrine | 1 The Insurable Interest Doctrine: What is it? And What Does It Mean? While one cannot define an insurable interest with complete certainty or precision‚ in general it exists when the policy holder derives pecuniary benefit or advantage by the preservation or continued existence
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PUBLIC INTEREST LITIGATION Public interest litigation (PIL) defined as the use of litigation‚ or legal action‚ which seeks to advance the cause of minority or disadvantaged groups or individuals‚ or which raises issues of broad public concern. PIL represents a departure from traditional judicial proceedings‚ as litigation is not necessarily filed by the aggrieved person. Public interest litigation describes the legal implements which allow individuals‚ groups and communities to challenge
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money‚ it is very common to hear words such as interest‚ usury‚ risks‚ etc. We mention these words very often and many times we do not even know what they mean. But this is not it; it gets more interesting when we start linking all this stuff with other topics such as religion‚ ethics and moral values. Going back to the beginning‚ when we start talking about banks and money‚ it is known by everybody that banks’ main business are the loans and the interests they ask for them‚ which many people do not
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