Question
a.
Cost reduction
b.
Efficiency improvement
c.
Growth with profitability
d.
Market dominance
Posted under IC 89 Management Accounting
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. What is the ultimate objective of every firm, including insurance companies?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. What does the Gross Profit Ratio express in financial management?
View solution
Q. What does the fluctuation in Gross Profit Ratio indicate?
View solution
Q. In the insurance sector, what is the equivalent to the Gross Profit Ratio, and why is it important?
View solution
Q. Why is the analysis of the Gross Profit Ratio helpful for management in financial management?
View solution
Q. What is the relationship between Operating or Expense Ratios and profitability ratios in financial management?
View solution
Q. What does a greater Expense Ratio indicate in financial management?
View solution
Q. What expenses are generally included in the term 'Expenses' in financial management?
View solution
Q. In insurance companies, what expenses are generally included in the term 'Expenses'?
View solution
Q. How does a low expense ratio impact financial management?
View solution
Q. What does Section 40 (C) of the Insurance Act, 1938 provide for in relation to expenses of management in general insurance business?
View solution
Q. What happens if an insurer exceeds the permissible amount of expenses of management under Section 40 (C)?
View solution
Q. Who is required to provide a certificate regarding the full debiting of expenses of management in the Revenue Account, as per Section 40 (C)?
View solution
Q. How are various expenses ratios in non-life insurance companies computed?
View solution
Q. How is the Incurred Claim Ratio calculated in non-life insurance companies?
View solution
Q. What is the formula for calculating the Commission Ratio in non-life insurance companies?
View solution
Q. How is the Management Expense Ratio computed in non-life insurance companies?
View solution
Q. What is the formula for calculating Net Incurred Claim in non-life insurance companies?
View solution
Q. What do Activity Ratios measure in financial management?
View solution
Q. What factors does the overall profitability in financial management depend on?
View solution
Q. How is the Stock Turnover Ratio calculated when opening and closing stock figures don't widely vary?
View solution
Recommended Subjects
Are you eager to expand your knowledge beyond IC 89 Management Accounting? We've handpicked a range of related categories that you might find intriguing.
Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!
