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What are the advantages of a decentralized underwriting department?
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∙ 11y ago
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Wiki User
∙ 11y ago
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The most important department in a company is the sale department because it brings money to the organization and let it stay alive. No company survives without sales.
What are the disadvantage and advantage of public relation?
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What is the relationship between production department and marketing department in a typical business organization?
what is the rlationship between production department and marketing department in a business organisation
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Centralized databases offer simplified data management, easier maintenance, and increased data consistency due to a single point of control. They also provide better security measures by having a centralized system for monitoring and implementing security protocols. Additionally, centralized databases promote better scalability and efficiency in handling large volumes of data.
A Decentralized training department results in?
d
Is it illegal to decline home insurance quote?
No, an insurance policy quoted by an agent initially then goes to the underwriting department which reviews it and accepts it. If the underwriting department does not want to accept it due to losses, etc, then they don't have to and will decline it.
If my Loan application has been accepted by the underwriting department have i got the loan?
If the loan application has been accepted by the underwriting department, it usually means you have been approved for a loan. Until the paperwork is signed, a loan offer is not final.
What is the difference between centralized and decentralized billing?
Centralized billing is performed by a group or department in a central location to an organization. Decentralized billing is where various individuals have the responsibility to bill for their product or services from field locations. There are advantages and disadvantages of both types of billing methods. Centralized billing offers control of the workflow, easier to manage from a corporate perspective and easier for metric purposes (depending on your industry). Decentralized billing is often best used in situations where billing is complex and technical in nature. Billing information is closer to the work being performed and thus Q&A is faster (and hopefully more accurate) in a decentralized environment.
How does a decentralized kitchen differ from a centralized kitchen?
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Is Nike centralized or decentralized?
Decentralized
What is the main responsibility of the underwriting department of a life insurance company?
To assess the risk of all applicants vis a vis the company's insuring guidelines.
Advantages of a decentralized system of government?
Greater exchange of ideas and policies, more choices, less meddling from higher up, greater flexibility.
Is GE a centralized or decentralized structure?
decentralized
Are Starbucks production facilities centralized or decentralized?
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Do you have a centralized government or decentralized government in the US?
decentralized
